Dan Frey Home Loans
Call Dan

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$1,077,061$1,077,061$1,260,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$182,939$0
Funding fee$5,385$5,385$0
Note rate5.300%5.300%7.320%
Blended rate5.300%5.692%7.560%
1st payment$6,386.00$6,386.00$8,655.33
2nd payment$0.00$1,219.59$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$16.08$16.08$16.08
Total monthly$7,785.42$9,005.01$10,306.74
Cash to close$322,939$140,000$140,000