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$1,246,239$1,246,239$1,484,100
Remaining term (yrs)28.828.830.0
Secondary amount$0$237,861$0
Funding fee$6,231$6,231$0
Note rate5.620%5.620%7.400%
Blended rate5.620%5.961%7.640%
1st payment$7,274.21$7,274.21$10,275.61
2nd payment$0.00$1,536.18$0.00
Taxes / mo$1,374.17$1,374.17$1,374.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$296.82
HOA / mo$0.00$0.00$0.00
Total monthly$8,865.04$10,401.22$12,163.26
Cash to close$402,761$164,900$164,900