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$834,613$834,613$1,125,000
Remaining term (yrs)28.728.730.0
Secondary amount$0$290,387$0
Funding fee$4,173$4,173$0
Note rate6.860%6.860%7.400%
Blended rate6.860%7.090%7.640%
1st payment$5,542.31$5,542.31$7,789.27
2nd payment$0.00$1,875.42$0.00
Taxes / mo$1,188.75$1,188.75$1,188.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$356.67$356.67$356.67
Total monthly$7,304.40$9,179.82$9,776.36
Cash to close$415,387$125,000$125,000