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$186,898$186,898$202,410
Remaining term (yrs)26.326.330.0
Secondary amount$0$26,757$0
Funding fee$934$934$0
Note rate6.360%6.360%7.400%
Blended rate6.360%7.051%7.640%
1st payment$1,218.68$1,218.68$1,401.45
2nd payment$0.00$264.78$0.00
Taxes / mo$232.00$232.00$232.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,600.68$1,865.46$1,823.93
Cash to close$38,002$11,245$22,490