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$973,921$973,921$990,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$71,079$0
Funding fee$4,870$4,870$0
Note rate6.740%6.740%7.400%
Blended rate6.740%7.089%7.640%
1st payment$6,479.34$6,479.34$6,854.56
2nd payment$0.00$703.38$0.00
Taxes / mo$916.67$916.67$916.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,612.67$8,316.05$8,185.89
Cash to close$126,079$55,000$110,000