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$470,320$470,320$629,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$159,590$0
Funding fee$2,352$2,352$0
Note rate3.080%3.080%7.400%
Blended rate3.080%4.327%7.640%
1st payment$2,270.14$2,270.14$4,361.37
2nd payment$0.00$1,063.94$0.00
Taxes / mo$583.25$583.25$583.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$330.00$330.00$330.00
Total monthly$3,350.06$4,413.99$5,567.27
Cash to close$229,580$69,990$69,990