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$283,635
Remaining term (yrs)——30.0
Secondary amount$0$283,635$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate3.500%7.750%7.640%
1st payment$0.00$0.00$1,963.83
2nd payment$0.00$1,831.81$0.00
Taxes / mo$60.67$60.67$60.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.73
HOA / mo$110.00$110.00$110.00
Total monthly$320.67$2,152.48$2,341.23
Cash to close$315,150$31,515$31,515