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$168,225$168,225$189,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$31,275$0
Funding fee$841$841$0
Note rate6.270%6.270%7.400%
Blended rate6.270%7.149%7.640%
1st payment$1,086.05$1,086.05$1,308.60
2nd payment$0.00$309.49$0.00
Taxes / mo$33.25$33.25$33.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,269.30$1,578.79$1,529.65
Cash to close$41,775$10,500$21,000