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$498,810$498,810$549,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$50,190$0
Funding fee$2,494$2,494$0
Note rate2.980%2.980%7.400%
Blended rate2.980%3.530%7.640%
1st payment$2,354.95$2,354.95$3,801.17
2nd payment$0.00$376.42$0.00
Taxes / mo$508.33$508.33$508.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$109.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,029.95$3,406.37$4,585.97
Cash to close$111,190$61,000$61,000