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$490,176$490,176$557,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$66,924$0
Funding fee$2,451$2,451$0
Note rate3.050%3.050%7.400%
Blended rate3.050%3.765%7.640%
1st payment$2,321.81$2,321.81$3,857.25
2nd payment$0.00$501.93$0.00
Taxes / mo$515.83$515.83$515.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.42
HOA / mo$160.00$160.00$160.00
Total monthly$3,164.31$3,666.24$4,811.17
Cash to close$128,824$61,900$61,900