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$1,356,236$1,356,236$1,498,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$142,264$0
Funding fee$6,781$6,781$0
Note rate6.900%6.900%7.400%
Blended rate6.900%7.004%7.640%
1st payment$9,240.16$9,240.16$10,375.31
2nd payment$0.00$948.43$0.00
Taxes / mo$1,387.50$1,387.50$1,387.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$299.70
HOA / mo$0.00$0.00$0.00
Total monthly$10,844.33$11,792.75$12,279.18
Cash to close$308,764$166,500$166,500