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$199,327$199,327$242,100
Remaining term (yrs)28.828.830.0
Secondary amount$0$42,773$0
Funding fee$997$997$0
Note rate6.720%6.720%7.320%
Blended rate6.720%7.123%7.560%
1st payment$1,302.83$1,302.83$1,663.06
2nd payment$0.00$320.80$0.00
Taxes / mo$94.50$94.50$94.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,547.33$1,868.12$1,955.98
Cash to close$69,673$26,900$26,900