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$499,500
Remaining term (yrs)——30.0
Secondary amount$0$499,500$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$3,458.44
2nd payment$0.00$3,225.94$0.00
Taxes / mo$913.58$913.58$913.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.90
HOA / mo$114.00$114.00$114.00
Total monthly$1,194.25$4,420.19$4,752.59
Cash to close$555,000$55,500$55,500