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$1,089,770$1,089,770$1,165,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$75,730$0
Funding fee$5,449$5,449$0
Note rate6.950%6.950%7.320%
Blended rate6.950%7.083%7.560%
1st payment$7,421.68$7,421.68$8,006.18
2nd payment$0.00$567.97$0.00
Taxes / mo$1,079.17$1,079.17$1,079.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$233.10
HOA / mo$93.00$93.00$93.00
Total monthly$8,810.51$9,378.49$9,628.11
Cash to close$205,230$129,500$129,500