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$214,700$214,700$263,610
Remaining term (yrs)26.026.030.0
Secondary amount$0$48,910$0
Funding fee$1,074$1,074$0
Note rate6.660%6.660%7.400%
Blended rate6.660%7.094%7.640%
1st payment$1,445.91$1,445.91$1,825.18
2nd payment$0.00$366.82$0.00
Taxes / mo$255.58$255.58$255.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.72
HOA / mo$0.00$0.00$0.00
Total monthly$1,851.49$2,218.32$2,283.49
Cash to close$78,200$29,290$29,290