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$461,488$461,488$495,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$33,512$0
Funding fee$2,307$2,307$0
Note rate3.070%3.070%7.320%
Blended rate3.070%3.471%7.560%
1st payment$2,190.75$2,190.75$3,400.31
2nd payment$0.00$251.34$0.00
Taxes / mo$268.58$268.58$268.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$9.17$9.17$9.17
Total monthly$2,635.17$2,886.51$3,943.73
Cash to close$88,512$55,000$55,000