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$1,089,646$1,089,646$1,435,500
Remaining term (yrs)29.329.330.0
Secondary amount$0$345,854$0
Funding fee$5,448$5,448$0
Note rate6.500%6.500%7.240%
Blended rate6.500%6.801%7.480%
1st payment$6,925.38$6,925.38$9,782.91
2nd payment$0.00$2,233.64$0.00
Taxes / mo$138.33$138.33$138.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$287.10
HOA / mo$0.00$0.00$0.00
Total monthly$7,280.38$9,514.02$10,425.01
Cash to close$505,354$159,500$159,500