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$63,000
Remaining term (yrs)28.728.730.0
Secondary amount$0$63,000$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate6.500%9.000%7.640%
1st payment$0.00$0.00$436.20
2nd payment$0.00$472.50$0.00
Taxes / mo$128.58$128.58$128.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$12.60
HOA / mo$439.00$439.00$439.00
Total monthly$717.58$1,190.08$1,166.38
Cash to close$70,000$7,000$7,000