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$197,532$197,532$328,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$130,968$0
Funding fee$988$988$0
Note rate6.870%6.870%7.400%
Blended rate6.870%7.321%7.640%
1st payment$1,329.53$1,329.53$2,274.47
2nd payment$0.00$873.12$0.00
Taxes / mo$517.17$517.17$517.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$37.00$37.00$37.00
Total monthly$2,033.70$2,906.82$3,044.33
Cash to close$167,468$36,500$36,500