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$406,687$406,687$486,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$79,313$0
Funding fee$2,033$2,033$0
Note rate3.050%3.050%7.400%
Blended rate3.050%4.021%7.640%
1st payment$1,926.35$1,926.35$3,364.97
2nd payment$0.00$594.85$0.00
Taxes / mo$683.66$683.66$683.66
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$182.00$182.00$182.00
Total monthly$2,958.67$3,553.52$4,494.49
Cash to close$133,313$54,000$54,000