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$174,889$174,889$202,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$27,611$0
Funding fee$874$874$0
Note rate6.080%6.080%7.320%
Blended rate6.080%6.478%7.560%
1st payment$1,080.98$1,080.98$1,391.03
2nd payment$0.00$207.08$0.00
Taxes / mo$187.50$187.50$187.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,418.48$1,625.56$1,769.03
Cash to close$50,111$22,500$22,500