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$630,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$630,000$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$4,327.66
2nd payment$0.00$4,068.75$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$962.00$962.00$962.00
Total monthly$1,712.00$5,780.75$6,165.66
Cash to close$700,000$70,000$70,000