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$1,026,825$1,026,825$1,250,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$223,275$0
Funding fee$5,134$5,134$0
Note rate6.600%6.600%7.400%
Blended rate6.600%6.805%7.640%
1st payment$6,820.13$6,820.13$8,655.44
2nd payment$0.00$1,441.98$0.00
Taxes / mo$1,157.50$1,157.50$1,157.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$250.02
HOA / mo$200.00$200.00$200.00
Total monthly$8,394.30$9,836.28$10,479.63
Cash to close$362,175$138,900$138,900