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$477,203$477,203$562,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$85,297$0
Funding fee$2,386$2,386$0
Note rate3.750%3.750%7.400%
Blended rate3.750%4.546%7.640%
1st payment$2,396.62$2,396.62$3,894.64
2nd payment$0.00$639.73$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$297.00$297.00$297.00
Total monthly$3,381.12$4,020.85$4,991.64
Cash to close$147,797$62,500$62,500