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$217,795$217,795$319,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$101,705$0
Funding fee$1,089$1,089$0
Note rate6.460%6.460%7.400%
Blended rate6.460%6.950%7.640%
1st payment$1,402.08$1,402.08$2,212.15
2nd payment$0.00$678.03$0.00
Taxes / mo$96.92$96.92$96.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,648.99$2,327.03$2,522.97
Cash to close$137,205$35,500$35,500