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$996,052$996,052$1,215,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$218,948$0
Funding fee$4,980$4,980$0
Note rate6.260%6.260%7.240%
Blended rate6.260%6.529%7.480%
1st payment$6,199.45$6,199.45$8,280.20
2nd payment$0.00$1,414.04$0.00
Taxes / mo$1,125.00$1,125.00$1,125.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$243.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,541.12$8,955.16$9,864.87
Cash to close$353,948$135,000$135,000