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$1,458,411$1,458,411$1,619,100
Remaining term (yrs)28.628.630.0
Secondary amount$0$160,689$0
Funding fee$7,292$7,292$0
Note rate7.750%7.750%7.400%
Blended rate7.750%7.775%7.640%
1st payment$10,565.29$10,565.29$11,210.32
2nd payment$0.00$1,071.26$0.00
Taxes / mo$1,499.17$1,499.17$1,499.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$323.82
HOA / mo$0.00$0.00$0.00
Total monthly$12,281.12$13,352.38$13,249.97
Cash to close$340,589$179,900$179,900