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$185,194$185,194$216,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$30,806$0
Funding fee$926$926$0
Note rate6.100%6.100%7.400%
Blended rate6.100%6.514%7.640%
1st payment$1,128.97$1,128.97$1,495.54
2nd payment$0.00$231.04$0.00
Taxes / mo$129.42$129.42$129.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,408.38$1,639.43$1,818.16
Cash to close$54,806$24,000$24,000