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$195,398$195,398$211,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$27,852$0
Funding fee$977$977$0
Note rate6.960%6.960%7.240%
Blended rate6.960%7.573%7.480%
1st payment$1,315.30$1,315.30$1,441.37
2nd payment$0.00$275.62$0.00
Taxes / mo$51.17$51.17$51.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,516.46$1,792.08$1,684.84
Cash to close$39,602$11,750$23,500