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$1,200,745$1,200,745$1,281,600
Remaining term (yrs)28.128.130.0
Secondary amount$0$80,855$0
Funding fee$6,004$6,004$0
Note rate6.540%6.540%7.320%
Blended rate6.540%6.695%7.560%
1st payment$7,775.88$7,775.88$8,803.70
2nd payment$0.00$606.41$0.00
Taxes / mo$775.67$775.67$775.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$256.32
HOA / mo$0.00$0.00$0.00
Total monthly$8,768.21$9,374.63$10,052.36
Cash to close$223,255$142,400$142,400