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$1,101,125$1,101,125$1,169,100
Remaining term (yrs)27.727.730.0
Secondary amount$0$67,975$0
Funding fee$5,506$5,506$0
Note rate6.820%6.820%7.400%
Blended rate6.820%6.947%7.640%
1st payment$7,367.97$7,367.97$8,094.61
2nd payment$0.00$509.82$0.00
Taxes / mo$1,082.50$1,082.50$1,082.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$233.82
HOA / mo$0.00$0.00$0.00
Total monthly$8,667.14$9,176.95$9,627.60
Cash to close$197,875$129,900$129,900