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$931,211$931,211$1,107,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$175,789$0
Funding fee$4,656$4,656$0
Note rate6.670%6.670%7.400%
Blended rate6.670%6.881%7.640%
1st payment$6,079.08$6,079.08$7,664.64
2nd payment$0.00$1,171.93$0.00
Taxes / mo$338.17$338.17$338.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$221.40
HOA / mo$627.00$627.00$627.00
Total monthly$7,260.92$8,432.84$9,067.88
Cash to close$298,789$123,000$123,000