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$201,043$201,043$220,950
Remaining term (yrs)26.226.230.0
Secondary amount$0$32,182$0
Funding fee$1,005$1,005$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.630%7.640%
1st payment$1,388.20$1,388.20$1,529.81
2nd payment$0.00$318.46$0.00
Taxes / mo$204.58$204.58$204.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.19
HOA / mo$0.00$0.00$0.00
Total monthly$1,742.79$2,061.25$1,928.59
Cash to close$44,457$12,275$24,550