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$213,369$213,369$233,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$32,681$0
Funding fee$1,067$1,067$0
Note rate6.960%6.960%7.320%
Blended rate6.960%7.613%7.560%
1st payment$1,462.03$1,462.03$1,601.24
2nd payment$0.00$323.40$0.00
Taxes / mo$342.67$342.67$342.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,954.69$2,278.10$2,140.52
Cash to close$45,631$12,950$25,900