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$204,844$204,844$251,910
Remaining term (yrs)27.327.330.0
Secondary amount$0$47,066$0
Funding fee$1,024$1,024$0
Note rate6.670%6.670%7.400%
Blended rate6.670%7.105%7.640%
1st payment$1,357.79$1,357.79$1,744.17
2nd payment$0.00$353.00$0.00
Taxes / mo$128.92$128.92$128.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,636.71$1,989.70$2,073.47
Cash to close$75,056$27,990$27,990