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$53,910
Remaining term (yrs)——30.0
Secondary amount$0$53,910$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate3.500%9.000%7.560%
1st payment$0.00$0.00$370.32
2nd payment$0.00$404.33$0.00
Taxes / mo$6.67$6.67$6.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$10.78
HOA / mo$145.00$145.00$145.00
Total monthly$301.67$705.99$682.77
Cash to close$59,900$5,990$5,990