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$200,851$200,851$234,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$33,149$0
Funding fee$1,004$1,004$0
Note rate6.420%6.420%7.320%
Blended rate6.420%6.785%7.560%
1st payment$1,315.69$1,315.69$1,607.42
2nd payment$0.00$248.62$0.00
Taxes / mo$74.96$74.96$74.96
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,540.64$1,789.26$1,879.17
Cash to close$59,149$26,000$26,000