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$90,000
Remaining term (yrs)——30.0
Secondary amount$0$90,000$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate3.500%9.000%7.640%
1st payment$0.00$0.00$623.14
2nd payment$0.00$675.00$0.00
Taxes / mo$39.25$39.25$39.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$18.00
HOA / mo$0.00$0.00$0.00
Total monthly$189.25$864.25$830.39
Cash to close$100,000$10,000$10,000