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$238,583$238,583$305,910
Remaining term (yrs)27.827.830.0
Secondary amount$0$67,327$0
Funding fee$1,193$1,193$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.401%7.640%
1st payment$1,615.15$1,615.15$2,118.06
2nd payment$0.00$504.95$0.00
Taxes / mo$85.58$85.58$85.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,850.74$2,355.69$2,414.82
Cash to close$101,317$33,990$33,990