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$479,585$479,585$594,900
Remaining term (yrs)25.625.630.0
Secondary amount$0$115,315$0
Funding fee$2,398$2,398$0
Note rate4.980%4.980%7.320%
Blended rate4.980%5.565%7.560%
1st payment$2,757.08$2,757.08$4,086.55
2nd payment$0.00$768.77$0.00
Taxes / mo$550.83$550.83$550.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,474.58$4,243.35$4,923.03
Cash to close$181,415$66,100$66,100