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$196,006$196,006$210,600
Remaining term (yrs)25.725.730.0
Secondary amount$0$26,294$0
Funding fee$980$980$0
Note rate5.000%5.000%7.400%
Blended rate5.000%5.813%7.640%
1st payment$1,127.33$1,127.33$1,458.15
2nd payment$0.00$260.21$0.00
Taxes / mo$233.08$233.08$233.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,510.41$1,770.61$1,883.36
Cash to close$37,994$11,700$23,400