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$185,068$185,068$211,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$26,432$0
Funding fee$925$925$0
Note rate6.850%6.850%7.400%
Blended rate6.850%7.119%7.640%
1st payment$1,231.17$1,231.17$1,464.38
2nd payment$0.00$198.24$0.00
Taxes / mo$135.17$135.17$135.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,516.34$1,714.58$1,791.85
Cash to close$49,932$23,500$23,500