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$464,490$464,490$562,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$98,010$0
Funding fee$2,322$2,322$0
Note rate3.150%3.150%7.400%
Blended rate3.150%4.169%7.640%
1st payment$2,311.34$2,311.34$3,894.64
2nd payment$0.00$735.08$0.00
Taxes / mo$196.03$196.03$196.03
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,674.04$3,409.12$4,369.83
Cash to close$160,510$62,500$62,500