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$488,824$488,824$504,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$43,176$0
Funding fee$2,444$2,444$0
Note rate3.050%3.050%7.400%
Blended rate3.050%3.766%7.640%
1st payment$2,310.34$2,310.34$3,489.59
2nd payment$0.00$427.27$0.00
Taxes / mo$225.65$225.65$225.65
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$8.33$8.33$8.33
Total monthly$2,710.99$3,138.26$3,991.04
Cash to close$71,176$28,000$56,000