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$481,898$481,898$499,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$45,352$0
Funding fee$2,409$2,409$0
Note rate3.120%3.120%7.400%
Blended rate3.120%3.873%7.640%
1st payment$2,290.35$2,290.35$3,458.44
2nd payment$0.00$448.79$0.00
Taxes / mo$500.75$500.75$500.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,957.77$3,406.56$4,225.75
Cash to close$73,102$27,750$55,500