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$480,497$480,497$562,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$82,003$0
Funding fee$2,402$2,402$0
Note rate4.420%4.420%7.320%
Blended rate4.420%5.088%7.560%
1st payment$2,606.84$2,606.84$3,863.98
2nd payment$0.00$615.02$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$297.00$297.00$297.00
Total monthly$3,591.34$4,206.36$4,960.98
Cash to close$144,503$62,500$62,500