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$1,240,157$1,240,157$1,259,100
Remaining term (yrs)29.229.230.0
Secondary amount$0$88,893$0
Funding fee$6,201$6,201$0
Note rate6.190%6.190%7.400%
Blended rate6.190%6.570%7.640%
1st payment$7,647.32$7,647.32$8,717.75
2nd payment$0.00$879.67$0.00
Taxes / mo$1,165.83$1,165.83$1,165.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$251.82
HOA / mo$0.00$0.00$0.00
Total monthly$9,029.82$9,909.50$10,352.07
Cash to close$158,843$69,950$139,900