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$193,406$193,406$337,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$144,094$0
Funding fee$967$967$0
Note rate6.960%6.960%7.400%
Blended rate6.960%7.404%7.640%
1st payment$1,325.24$1,325.24$2,336.78
2nd payment$0.00$960.63$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,787.74$2,748.36$2,866.78
Cash to close$181,594$37,500$37,500