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$184,227$184,227$216,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$31,773$0
Funding fee$921$921$0
Note rate6.700%6.700%7.320%
Blended rate6.700%7.038%7.560%
1st payment$1,245.39$1,245.39$1,483.77
2nd payment$0.00$238.30$0.00
Taxes / mo$200.00$200.00$200.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,595.39$1,833.68$1,876.97
Cash to close$55,773$24,000$24,000