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$1,009,886$1,009,886$1,305,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$295,114$0
Funding fee$5,049$5,049$0
Note rate4.120%4.120%7.320%
Blended rate4.120%4.941%7.560%
1st payment$5,269.83$5,269.83$8,964.44
2nd payment$0.00$1,905.95$0.00
Taxes / mo$1,957.17$1,957.17$1,957.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$261.00
HOA / mo$146.00$146.00$146.00
Total monthly$7,589.66$9,495.61$11,545.28
Cash to close$440,114$145,000$145,000