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$199,787$199,787$229,410
Remaining term (yrs)27.227.230.0
Secondary amount$0$29,623$0
Funding fee$999$999$0
Note rate8.750%8.750%7.400%
Blended rate8.750%8.782%7.640%
1st payment$1,604.87$1,604.87$1,588.39
2nd payment$0.00$222.17$0.00
Taxes / mo$300.08$300.08$300.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.88
HOA / mo$301.00$301.00$301.00
Total monthly$2,355.95$2,578.12$2,385.35
Cash to close$55,113$25,490$25,490