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$186,605$186,605$359,910
Remaining term (yrs)28.228.230.0
Secondary amount$0$173,305$0
Funding fee$933$933$0
Note rate6.840%6.840%7.320%
Blended rate6.840%7.399%7.560%
1st payment$1,243.72$1,243.72$2,472.33
2nd payment$0.00$1,155.36$0.00
Taxes / mo$429.42$429.42$429.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,823.14$2,978.51$3,123.73
Cash to close$213,295$39,990$39,990