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$196,523$196,523$211,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$26,727$0
Funding fee$983$983$0
Note rate5.300%5.300%7.320%
Blended rate5.300%6.087%7.560%
1st payment$1,161.71$1,161.71$1,452.86
2nd payment$0.00$264.49$0.00
Taxes / mo$195.83$195.83$195.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,507.55$1,772.03$1,840.99
Cash to close$38,477$11,750$23,500