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$423,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$423,000$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate3.500%7.750%7.560%
1st payment$0.00$0.00$2,905.72
2nd payment$0.00$2,731.88$0.00
Taxes / mo$739.25$739.25$739.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$543.00$543.00$543.00
Total monthly$1,448.92$4,180.79$4,439.23
Cash to close$470,000$47,000$47,000