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$232,196$232,196$378,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$145,804$0
Funding fee$1,161$1,161$0
Note rate6.810%6.810%7.320%
Blended rate6.810%7.269%7.560%
1st payment$1,582.37$1,582.37$2,596.60
2nd payment$0.00$972.03$0.00
Taxes / mo$140.17$140.17$140.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,872.54$2,844.57$2,962.36
Cash to close$187,804$42,000$42,000