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$32,299$32,299$193,500
Remaining term (yrs)5.45.430.0
Secondary amount$0$161,201$0
Funding fee$161$161$0
Note rate6.850%6.850%7.320%
Blended rate6.850%7.808%7.560%
1st payment$581.48$581.48$1,329.21
2nd payment$0.00$1,074.67$0.00
Taxes / mo$179.17$179.17$179.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$910.64$1,985.32$1,697.08
Cash to close$182,701$21,500$21,500