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$917,305$917,305$1,237,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$320,195$0
Funding fee$4,587$4,587$0
Note rate7.120%7.120%7.400%
Blended rate7.120%7.283%7.640%
1st payment$6,374.81$6,374.81$8,568.20
2nd payment$0.00$2,067.92$0.00
Taxes / mo$376.33$376.33$376.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$247.50
HOA / mo$283.00$283.00$283.00
Total monthly$7,250.81$9,318.73$9,691.70
Cash to close$457,695$137,500$137,500