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$202,015$202,015$220,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$30,735$0
Funding fee$1,010$1,010$0
Note rate6.600%6.600%7.320%
Blended rate6.600%7.297%7.560%
1st payment$1,329.92$1,329.92$1,514.68
2nd payment$0.00$304.15$0.00
Taxes / mo$120.83$120.83$120.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.10
HOA / mo$11.00$11.00$11.00
Total monthly$1,611.75$1,915.90$1,840.62
Cash to close$42,985$12,250$24,500