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$418,500
Remaining term (yrs)——30.0
Secondary amount$0$418,500$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$2,897.61
2nd payment$0.00$2,702.81$0.00
Taxes / mo$11.50$11.50$11.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$47.00$47.00$47.00
Total monthly$225.17$2,927.98$3,206.48
Cash to close$465,000$46,500$46,500