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$853,642$853,642$1,035,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$181,358$0
Funding fee$4,268$4,268$0
Note rate6.260%6.260%7.320%
Blended rate6.260%6.565%7.560%
1st payment$5,313.09$5,313.09$7,109.73
2nd payment$0.00$1,209.05$0.00
Taxes / mo$958.33$958.33$958.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$207.00
HOA / mo$58.00$58.00$58.00
Total monthly$6,546.09$7,755.14$8,549.73
Cash to close$296,358$115,000$115,000