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$223,200
Remaining term (yrs)5.95.930.0
Secondary amount$0$223,200$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.000%7.750%7.560%
1st payment$0.00$0.00$1,533.23
2nd payment$0.00$1,441.50$0.00
Taxes / mo$316.58$316.58$316.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.64
HOA / mo$0.00$0.00$0.00
Total monthly$466.58$1,908.08$2,044.45
Cash to close$248,000$24,800$24,800