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$187,106$187,106$206,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$31,299$0
Funding fee$936$936$0
Note rate6.500%6.500%7.320%
Blended rate6.500%7.270%7.560%
1st payment$1,208.08$1,208.08$1,421.33
2nd payment$0.00$309.73$0.00
Taxes / mo$111.33$111.33$111.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,469.41$1,779.15$1,724.04
Cash to close$42,794$11,495$22,990