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$198,556$198,556$270,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$71,444$0
Funding fee$993$993$0
Note rate6.900%6.900%7.400%
Blended rate6.900%7.456%7.640%
1st payment$1,364.62$1,364.62$1,869.43
2nd payment$0.00$535.83$0.00
Taxes / mo$243.42$243.42$243.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,758.04$2,293.87$2,316.84
Cash to close$101,444$30,000$30,000