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$479,973$479,973$499,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$47,277$0
Funding fee$2,400$2,400$0
Note rate2.880%2.880%7.400%
Blended rate2.880%3.687%7.640%
1st payment$2,221.10$2,221.10$3,458.44
2nd payment$0.00$467.84$0.00
Taxes / mo$500.83$500.83$500.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,888.60$3,356.45$4,225.84
Cash to close$75,027$27,750$55,500