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$701,100
Remaining term (yrs)——30.0
Secondary amount$0$701,100$0
Funding fee$0$0$0
Note rate2.500%2.500%7.400%
Blended rate2.500%7.750%7.640%
1st payment$0.00$0.00$4,854.27
2nd payment$0.00$4,527.94$0.00
Taxes / mo$649.17$649.17$649.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.22
HOA / mo$318.00$318.00$318.00
Total monthly$1,183.83$5,711.77$6,178.33
Cash to close$779,000$77,900$77,900