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$450,247$450,247$495,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$44,753$0
Funding fee$2,251$2,251$0
Note rate2.870%2.870%7.320%
Blended rate2.870%3.424%7.560%
1st payment$2,104.80$2,104.80$3,400.31
2nd payment$0.00$335.65$0.00
Taxes / mo$290.17$290.17$290.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$185.00$185.00$185.00
Total monthly$2,746.64$3,082.28$4,141.14
Cash to close$99,753$55,000$55,000