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$470,847$470,847$504,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$33,153$0
Funding fee$2,354$2,354$0
Note rate2.870%2.870%7.320%
Blended rate2.870%3.273%7.560%
1st payment$2,196.10$2,196.10$3,462.13
2nd payment$0.00$248.65$0.00
Taxes / mo$224.25$224.25$224.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,587.02$2,835.66$3,953.85
Cash to close$89,153$56,000$56,000