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$195,896$195,896$292,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$96,604$0
Funding fee$979$979$0
Note rate6.440%6.440%7.400%
Blended rate6.440%7.285%7.640%
1st payment$1,255.94$1,255.94$2,025.21
2nd payment$0.00$724.53$0.00
Taxes / mo$729.00$729.00$729.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$58.67$58.67$58.67
Total monthly$2,193.61$2,918.14$3,021.38
Cash to close$129,104$32,500$32,500