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$177,009$177,009$216,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$38,991$0
Funding fee$885$885$0
Note rate6.650%6.650%7.320%
Blended rate6.650%7.074%7.560%
1st payment$1,182.69$1,182.69$1,483.77
2nd payment$0.00$292.43$0.00
Taxes / mo$186.33$186.33$186.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,519.03$1,811.46$1,863.30
Cash to close$62,991$24,000$24,000