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$427,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$427,500$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate6.500%7.750%7.560%
1st payment$0.00$0.00$2,936.63
2nd payment$0.00$2,760.94$0.00
Taxes / mo$632.67$632.67$632.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$682.00$682.00$682.00
Total monthly$1,481.33$4,242.27$4,503.46
Cash to close$475,000$47,500$47,500