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$503,608$503,608$539,999
Remaining term (yrs)25.425.430.0
Secondary amount$0$36,391$0
Funding fee$2,518$2,518$0
Note rate3.450%3.450%7.400%
Blended rate3.450%3.824%7.640%
1st payment$2,476.73$2,476.73$3,738.84
2nd payment$0.00$272.94$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,143.40$3,416.33$4,513.51
Cash to close$96,391$60,000$60,000