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$477,033$477,033$530,999
Remaining term (yrs)24.724.730.0
Secondary amount$0$53,967$0
Funding fee$2,385$2,385$0
Note rate2.900%2.900%7.400%
Blended rate2.900%3.520%7.640%
1st payment$2,247.64$2,247.64$3,676.53
2nd payment$0.00$404.75$0.00
Taxes / mo$491.67$491.67$491.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.20
HOA / mo$32.00$32.00$32.00
Total monthly$2,937.97$3,342.72$4,473.06
Cash to close$112,966$59,000$59,000