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$198,046$198,046$360,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$161,954$0
Funding fee$990$990$0
Note rate6.220%6.220%7.320%
Blended rate6.220%7.021%7.560%
1st payment$1,227.53$1,227.53$2,472.95
2nd payment$0.00$1,079.69$0.00
Taxes / mo$140.83$140.83$140.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,518.37$2,598.06$2,835.78
Cash to close$201,954$40,000$40,000