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$1,179,144$1,179,144$1,215,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$35,856$0
Funding fee$5,896$5,896$0
Note rate6.560%6.560%7.320%
Blended rate6.560%6.632%7.560%
1st payment$7,576.11$7,576.11$8,346.21
2nd payment$0.00$268.92$0.00
Taxes / mo$189.17$189.17$189.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$243.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,981.95$8,250.87$8,995.04
Cash to close$170,856$135,000$135,000