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$482,140$482,140$540,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$57,860$0
Funding fee$2,411$2,411$0
Note rate4.990%4.990%7.400%
Blended rate4.990%5.420%7.640%
1st payment$2,761.48$2,761.48$3,738.85
2nd payment$0.00$433.95$0.00
Taxes / mo$468.58$468.58$468.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$80.00$80.00$80.00
Total monthly$3,476.73$3,910.68$4,562.10
Cash to close$117,860$60,000$60,000