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$221,437$221,437$391,410
Remaining term (yrs)28.328.330.0
Secondary amount$0$169,973$0
Funding fee$1,107$1,107$0
Note rate6.890%6.890%7.320%
Blended rate6.890%7.372%7.560%
1st payment$1,480.35$1,480.35$2,688.72
2nd payment$0.00$1,133.15$0.00
Taxes / mo$137.67$137.67$137.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.28
HOA / mo$18.33$18.33$18.33
Total monthly$1,786.34$2,919.50$3,072.99
Cash to close$213,463$43,490$43,490