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$234,000
Remaining term (yrs)18.318.330.0
Secondary amount$0$234,000$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.000%7.750%7.640%
1st payment$0.00$0.00$1,620.17
2nd payment$0.00$1,511.25$0.00
Taxes / mo$466.50$466.50$466.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$292.00$292.00$292.00
Total monthly$908.50$2,419.75$2,575.47
Cash to close$260,000$26,000$26,000