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$977,758$977,758$1,260,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$282,242$0
Funding fee$4,889$4,889$0
Note rate6.350%6.350%7.400%
Blended rate6.350%6.664%7.640%
1st payment$6,331.25$6,331.25$8,723.99
2nd payment$0.00$1,822.82$0.00
Taxes / mo$1,166.67$1,166.67$1,166.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$252.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,714.58$9,537.40$10,359.32
Cash to close$422,242$140,000$140,000