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$706,500
Remaining term (yrs)——30.0
Secondary amount$0$706,500$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$4,891.66
2nd payment$0.00$4,562.81$0.00
Taxes / mo$196.67$196.67$196.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$141.30
HOA / mo$0.00$0.00$0.00
Total monthly$413.33$4,976.15$5,446.30
Cash to close$785,000$78,500$78,500