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$491,284$491,284$629,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$138,626$0
Funding fee$2,456$2,456$0
Note rate3.070%3.070%7.320%
Blended rate3.070%4.155%7.560%
1st payment$2,332.19$2,332.19$4,327.04
2nd payment$0.00$924.18$0.00
Taxes / mo$159.75$159.75$159.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,658.61$3,582.79$4,779.44
Cash to close$208,616$69,990$69,990