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$0$0$54,000
Remaining term (yrs)——30.0
Secondary amount$0$54,000$0
Funding fee$0$0$0
Note rate0.000%0.000%7.320%
Blended rate0.000%9.000%7.560%
1st payment$0.00$0.00$370.94
2nd payment$0.00$405.00$0.00
Taxes / mo$28.25$28.25$28.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$10.80
HOA / mo$14.33$14.33$14.33
Total monthly$192.58$597.58$574.32
Cash to close$60,000$6,000$6,000