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$879,925$879,925$1,034,100
Remaining term (yrs)28.828.830.0
Secondary amount$0$154,175$0
Funding fee$4,400$4,400$0
Note rate6.810%6.810%7.400%
Blended rate6.810%6.987%7.640%
1st payment$5,808.81$5,808.81$7,159.90
2nd payment$0.00$1,027.83$0.00
Taxes / mo$178.75$178.75$178.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$206.82
HOA / mo$83.33$83.33$83.33
Total monthly$6,287.55$7,315.39$7,845.47
Cash to close$269,075$114,900$114,900