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$778,836$778,836$1,746,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$967,164$0
Funding fee$3,894$3,894$0
Note rate7.630%7.630%7.320%
Blended rate7.630%7.696%7.560%
1st payment$5,665.10$5,665.10$11,993.81
2nd payment$0.00$6,246.27$0.00
Taxes / mo$433.50$433.50$433.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$349.20
HOA / mo$140.00$140.00$140.00
Total monthly$6,455.27$12,701.54$13,133.18
Cash to close$1,161,164$194,000$194,000