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$205,856$205,856$252,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$46,144$0
Funding fee$1,029$1,029$0
Note rate6.610%6.610%7.400%
Blended rate6.610%7.048%7.640%
1st payment$1,342.44$1,342.44$1,744.80
2nd payment$0.00$346.08$0.00
Taxes / mo$75.17$75.17$75.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,567.61$1,913.69$2,020.36
Cash to close$74,144$28,000$28,000