Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$807,624$807,624$1,439,100
Remaining term (yrs)28.028.030.0
Secondary amount$0$631,476$0
Funding fee$4,038$4,038$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.048%7.640%
1st payment$5,214.56$5,214.56$9,964.04
2nd payment$0.00$4,078.28$0.00
Taxes / mo$1,140.83$1,140.83$1,140.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$287.82
HOA / mo$0.00$0.00$0.00
Total monthly$6,572.06$10,650.34$11,609.36
Cash to close$791,376$159,900$159,900