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$196,215$196,215$252,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$55,785$0
Funding fee$981$981$0
Note rate5.100%5.100%7.400%
Blended rate5.100%5.963%7.640%
1st payment$1,141.87$1,141.87$1,744.80
2nd payment$0.00$418.39$0.00
Taxes / mo$125.83$125.83$125.83
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$1,417.70$1,836.09$2,071.03
Cash to close$83,785$28,000$28,000