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$186,766$186,766$202,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$26,984$0
Funding fee$934$934$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.449%7.640%
1st payment$1,239.92$1,239.92$1,402.07
2nd payment$0.00$267.03$0.00
Taxes / mo$187.50$187.50$187.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,577.42$1,844.45$1,780.07
Cash to close$38,234$11,250$22,500