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$174,824$174,824$197,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$33,226$0
Funding fee$874$874$0
Note rate6.500%6.500%7.320%
Blended rate6.500%7.358%7.560%
1st payment$1,123.03$1,123.03$1,353.94
2nd payment$0.00$328.80$0.00
Taxes / mo$227.50$227.50$227.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$39.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,500.53$1,829.33$1,770.86
Cash to close$44,176$10,950$21,900