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$252,000
Remaining term (yrs)21.721.730.0
Secondary amount$0$252,000$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.000%7.750%7.560%
1st payment$0.00$0.00$1,731.07
2nd payment$0.00$1,627.50$0.00
Taxes / mo$233.33$233.33$233.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$599.00$599.00$599.00
Total monthly$982.33$2,609.83$2,763.80
Cash to close$280,000$28,000$28,000