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$181,941$181,941$427,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$245,559$0
Funding fee$910$910$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.410%7.640%
1st payment$1,257.70$1,257.70$2,959.92
2nd payment$0.00$1,585.90$0.00
Taxes / mo$116.42$116.42$116.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$226.33$226.33$226.33
Total monthly$1,767.11$3,353.02$3,554.84
Cash to close$293,059$47,500$47,500