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$434,799$434,799$494,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$59,301$0
Funding fee$2,174$2,174$0
Note rate3.040%3.040%7.400%
Blended rate3.040%3.755%7.640%
1st payment$2,084.90$2,084.90$3,421.05
2nd payment$0.00$444.76$0.00
Taxes / mo$447.25$447.25$447.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,698.82$3,143.58$4,133.79
Cash to close$114,201$54,900$54,900