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$197,645$197,645$346,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$148,855$0
Funding fee$988$988$0
Note rate6.960%6.960%7.400%
Blended rate6.960%7.407%7.640%
1st payment$1,352.87$1,352.87$2,399.10
2nd payment$0.00$992.37$0.00
Taxes / mo$42.83$42.83$42.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$305.00$305.00$305.00
Total monthly$1,850.70$2,843.06$2,966.23
Cash to close$187,355$38,500$38,500