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$1,319,666$1,319,666$1,305,000
Remaining term (yrs)29.229.230.0
Secondary amount$0$57,834$0
Funding fee$6,598$6,598$0
Note rate6.230%6.230%7.320%
Blended rate6.230%6.467%7.560%
1st payment$8,171.67$8,171.67$8,964.44
2nd payment$0.00$572.31$0.00
Taxes / mo$360.25$360.25$360.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$261.00
HOA / mo$100.00$100.00$100.00
Total monthly$8,848.58$9,420.90$9,902.36
Cash to close$130,334$72,500$145,000