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$491,066$491,066$562,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$71,434$0
Funding fee$2,455$2,455$0
Note rate2.990%2.990%7.320%
Blended rate2.990%3.753%7.560%
1st payment$2,331.37$2,331.37$3,863.98
2nd payment$0.00$535.75$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$135.00$135.00$135.00
Total monthly$3,153.87$3,689.63$4,798.98
Cash to close$133,934$62,500$62,500