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$179,719$179,719$198,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$29,281$0
Funding fee$899$899$0
Note rate6.860%6.860%7.240%
Blended rate6.860%7.563%7.480%
1st payment$1,206.05$1,206.05$1,349.37
2nd payment$0.00$289.76$0.00
Taxes / mo$63.25$63.25$63.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,419.30$1,709.06$1,602.22
Cash to close$40,281$11,000$22,000