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$193,486$193,486$238,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$45,014$0
Funding fee$967$967$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.972%7.640%
1st payment$1,264.14$1,264.14$1,651.33
2nd payment$0.00$337.60$0.00
Taxes / mo$366.94$366.94$366.94
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,781.08$2,118.68$2,215.97
Cash to close$71,514$26,500$26,500