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$312,291
Remaining term (yrs)——30.0
Secondary amount$0$312,291$0
Funding fee$0$0$0
Note rate4.875%4.875%7.400%
Blended rate4.875%7.750%7.640%
1st payment$0.00$0.00$2,162.24
2nd payment$0.00$2,016.88$0.00
Taxes / mo$289.16$289.16$289.16
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.46
HOA / mo$259.00$259.00$259.00
Total monthly$698.16$2,715.04$2,922.86
Cash to close$346,990$34,699$34,699