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$189,075$189,075$247,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$58,425$0
Funding fee$945$945$0
Note rate7.080%7.080%7.400%
Blended rate7.080%7.533%7.640%
1st payment$1,322.92$1,322.92$1,713.64
2nd payment$0.00$438.19$0.00
Taxes / mo$229.42$229.42$229.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,702.34$2,140.53$2,142.56
Cash to close$85,925$27,500$27,500