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$879,885$879,885$1,710,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$830,115$0
Funding fee$4,399$4,399$0
Note rate5.250%5.250%7.400%
Blended rate5.250%6.464%7.640%
1st payment$5,190.71$5,190.71$11,839.69
2nd payment$0.00$5,361.16$0.00
Taxes / mo$53.92$53.92$53.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$342.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,461.30$10,822.46$12,452.28
Cash to close$1,020,115$190,000$190,000