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$145,000$145,000$337,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$192,500$0
Funding fee$725$725$0
Note rate6.900%6.900%7.320%
Blended rate6.900%7.527%7.560%
1st payment$987.90$987.90$2,318.39
2nd payment$0.00$1,283.33$0.00
Taxes / mo$394.67$394.67$394.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,532.57$2,815.90$2,930.56
Cash to close$230,000$37,500$37,500