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$878,296$878,296$1,170,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$291,704$0
Funding fee$4,391$4,391$0
Note rate6.160%6.160%7.320%
Blended rate6.160%6.556%7.560%
1st payment$5,388.13$5,388.13$8,037.09
2nd payment$0.00$1,883.92$0.00
Taxes / mo$106.83$106.83$106.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$234.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,711.63$7,595.55$8,594.59
Cash to close$421,704$130,000$130,000