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$510,534$510,534$562,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$51,966$0
Funding fee$2,553$2,553$0
Note rate2.830%2.830%7.400%
Blended rate2.830%3.400%7.640%
1st payment$2,409.50$2,409.50$3,894.64
2nd payment$0.00$389.75$0.00
Taxes / mo$201.33$201.33$201.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,777.50$3,167.24$4,375.14
Cash to close$114,466$62,500$62,500