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$483,792$483,792$670,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$186,708$0
Funding fee$2,419$2,419$0
Note rate3.080%3.080%7.320%
Blended rate3.080%4.450%7.560%
1st payment$2,335.17$2,335.17$4,605.87
2nd payment$0.00$1,244.72$0.00
Taxes / mo$620.83$620.83$620.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,172.67$4,417.39$5,577.47
Cash to close$261,208$74,500$74,500