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$989,791$989,791$1,012,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$78,959$0
Funding fee$4,949$4,949$0
Note rate6.660%6.660%7.320%
Blended rate6.660%7.045%7.560%
1st payment$6,506.60$6,506.60$6,955.17
2nd payment$0.00$781.37$0.00
Taxes / mo$592.50$592.50$592.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$202.50
HOA / mo$0.00$0.00$0.00
Total monthly$7,315.76$8,097.13$7,966.84
Cash to close$135,209$56,250$112,500