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$140,861$140,861$157,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$25,389$0
Funding fee$704$704$0
Note rate6.940%6.940%7.320%
Blended rate6.940%7.694%7.560%
1st payment$956.45$956.45$1,081.92
2nd payment$0.00$251.25$0.00
Taxes / mo$157.17$157.17$157.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$31.50
HOA / mo$405.00$405.00$405.00
Total monthly$1,668.62$1,919.86$1,825.58
Cash to close$34,139$8,750$17,500