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$148,972$148,972$350,910
Remaining term (yrs)28.728.730.0
Secondary amount$0$201,938$0
Funding fee$745$745$0
Note rate6.740%6.740%7.400%
Blended rate6.740%7.321%7.640%
1st payment$977.49$977.49$2,429.63
2nd payment$0.00$1,304.18$0.00
Taxes / mo$20.83$20.83$20.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,148.32$2,452.50$2,670.65
Cash to close$240,928$38,990$38,990