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$465,503$465,503$504,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$38,497$0
Funding fee$2,328$2,328$0
Note rate3.090%3.090%7.400%
Blended rate3.090%3.541%7.640%
1st payment$2,214.69$2,214.69$3,489.59
2nd payment$0.00$288.73$0.00
Taxes / mo$278.50$278.50$278.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$72.00$72.00$72.00
Total monthly$2,731.85$3,020.58$4,107.56
Cash to close$94,497$56,000$56,000