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$315,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$315,000$0
Funding fee$0$0$0
Note rate7.000%7.000%7.400%
Blended rate7.000%7.750%7.640%
1st payment$349.02$349.02$2,181.00
2nd payment$0.00$2,034.38$0.00
Taxes / mo$101.83$101.83$101.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$600.86$2,635.23$2,495.83
Cash to close$350,000$35,000$35,000