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$1,144,891$1,144,891$1,147,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$66,359$0
Funding fee$5,724$5,724$0
Note rate6.630%6.630%7.320%
Blended rate6.630%6.917%7.560%
1st payment$7,408.49$7,408.49$7,882.53
2nd payment$0.00$656.68$0.00
Taxes / mo$665.17$665.17$665.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$229.50
HOA / mo$83.00$83.00$83.00
Total monthly$8,373.33$9,030.01$9,076.86
Cash to close$130,109$63,750$127,500