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$470,255$470,255$585,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$114,745$0
Funding fee$2,351$2,351$0
Note rate2.810%2.810%7.320%
Blended rate2.810%3.828%7.560%
1st payment$2,209.36$2,209.36$4,018.54
2nd payment$0.00$764.97$0.00
Taxes / mo$322.08$322.08$322.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$443.00$443.00$443.00
Total monthly$3,141.11$3,906.08$5,067.29
Cash to close$179,745$65,000$65,000