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$174,848$174,848$202,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$27,652$0
Funding fee$874$874$0
Note rate6.640%6.640%7.400%
Blended rate6.640%6.962%7.640%
1st payment$1,154.35$1,154.35$1,402.07
2nd payment$0.00$207.39$0.00
Taxes / mo$91.50$91.50$91.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,395.85$1,603.24$1,684.07
Cash to close$50,152$22,500$22,500