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$209,136$209,136$252,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$42,864$0
Funding fee$1,046$1,046$0
Note rate6.170%6.170%7.400%
Blended rate6.170%6.651%7.640%
1st payment$1,289.54$1,289.54$1,744.80
2nd payment$0.00$321.48$0.00
Taxes / mo$60.99$60.99$60.99
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,500.54$1,822.02$2,006.19
Cash to close$70,864$28,000$28,000