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$214,810$214,810$323,910
Remaining term (yrs)28.128.130.0
Secondary amount$0$109,100$0
Funding fee$1,074$1,074$0
Note rate6.790%6.790%7.400%
Blended rate6.790%7.198%7.640%
1st payment$1,426.06$1,426.06$2,242.69
2nd payment$0.00$727.33$0.00
Taxes / mo$78.58$78.58$78.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,654.64$2,381.97$2,536.05
Cash to close$145,090$35,990$35,990