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$1,073,011$1,073,011$1,620,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$546,989$0
Funding fee$5,365$5,365$0
Note rate6.390%6.390%7.240%
Blended rate6.390%6.849%7.480%
1st payment$6,967.09$6,967.09$11,040.27
2nd payment$0.00$3,532.64$0.00
Taxes / mo$1,500.00$1,500.00$1,500.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$324.00
HOA / mo$0.00$0.00$0.00
Total monthly$8,683.76$12,216.39$13,080.94
Cash to close$726,989$180,000$180,000