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$484,357$484,357$516,600
Remaining term (yrs)25.025.030.0
Secondary amount$0$32,243$0
Funding fee$2,422$2,422$0
Note rate2.900%2.900%7.400%
Blended rate2.900%3.281%7.640%
1st payment$2,261.51$2,261.51$3,576.83
2nd payment$0.00$241.82$0.00
Taxes / mo$551.50$551.50$551.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.32
HOA / mo$143.33$143.33$143.33
Total monthly$3,123.01$3,364.84$4,541.65
Cash to close$89,643$57,400$57,400