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$88,007$88,007$269,550
Remaining term (yrs)27.927.930.0
Secondary amount$0$181,543$0
Funding fee$440$440$0
Note rate6.730%6.730%7.400%
Blended rate6.730%7.585%7.640%
1st payment$582.54$582.54$1,866.31
2nd payment$0.00$1,210.28$0.00
Taxes / mo$277.46$277.46$277.46
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.91
HOA / mo$0.00$0.00$0.00
Total monthly$1,010.00$2,220.29$2,347.68
Cash to close$211,493$29,950$29,950