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$410,136$410,136$508,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$98,364$0
Funding fee$2,051$2,051$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.524%7.640%
1st payment$2,017.04$2,017.04$3,520.75
2nd payment$0.00$737.73$0.00
Taxes / mo$345.95$345.95$345.95
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$50.00$50.00$50.00
Total monthly$2,579.66$3,317.39$4,185.07
Cash to close$154,864$56,500$56,500