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$223,845$223,845$377,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$153,255$0
Funding fee$1,119$1,119$0
Note rate6.850%6.850%7.400%
Blended rate6.850%7.317%7.640%
1st payment$1,489.14$1,489.14$2,610.96
2nd payment$0.00$1,021.70$0.00
Taxes / mo$171.00$171.00$171.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,810.14$2,831.84$3,007.38
Cash to close$195,155$41,900$41,900