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$7,193$7,193$202,500
Remaining term (yrs)21.821.830.0
Secondary amount$0$195,307$0
Funding fee$36$36$0
Note rate5.100%5.100%7.320%
Blended rate5.100%7.897%7.560%
1st payment$45.48$45.48$1,391.03
2nd payment$0.00$1,302.05$0.00
Taxes / mo$455.00$455.00$455.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$650.48$1,952.52$2,036.53
Cash to close$217,807$22,500$22,500