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$49,623$49,623$207,000
Remaining term (yrs)7.37.330.0
Secondary amount$0$157,377$0
Funding fee$248$248$0
Note rate5.600%5.600%7.320%
Blended rate5.600%7.425%7.560%
1st payment$682.62$682.62$1,421.95
2nd payment$0.00$1,049.18$0.00
Taxes / mo$116.58$116.58$116.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$41.40
HOA / mo$14.58$14.58$14.58
Total monthly$963.78$2,012.96$1,744.51
Cash to close$180,377$23,000$23,000