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$1,212,287$1,212,287$1,197,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$51,213$0
Funding fee$6,061$6,061$0
Note rate6.620%6.620%7.400%
Blended rate6.620%6.833%7.640%
1st payment$7,874.39$7,874.39$8,287.79
2nd payment$0.00$506.80$0.00
Taxes / mo$289.83$289.83$289.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$239.40
HOA / mo$100.00$100.00$100.00
Total monthly$8,480.89$8,987.69$9,133.69
Cash to close$117,713$66,500$133,000