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$1,306$1,306$234,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$232,694$0
Funding fee$7$7$0
Note rate6.110%6.110%7.320%
Blended rate6.110%7.741%7.560%
1st payment$7.97$7.97$1,607.42
2nd payment$0.00$1,502.81$0.00
Taxes / mo$457.58$457.58$457.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$615.55$2,118.37$2,261.80
Cash to close$258,694$26,000$26,000