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$171,752$171,752$189,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$27,748$0
Funding fee$859$859$0
Note rate6.940%6.940%7.320%
Blended rate6.940%7.626%7.560%
1st payment$1,166.20$1,166.20$1,298.30
2nd payment$0.00$274.59$0.00
Taxes / mo$19.50$19.50$19.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,335.70$1,610.29$1,505.60
Cash to close$38,248$10,500$21,000