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$156,009$156,009$175,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$29,241$0
Funding fee$780$780$0
Note rate6.930%6.930%7.320%
Blended rate6.930%7.711%7.560%
1st payment$1,047.06$1,047.06$1,205.56
2nd payment$0.00$289.37$0.00
Taxes / mo$162.50$162.50$162.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$35.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,359.56$1,648.93$1,553.16
Cash to close$38,991$9,750$19,500