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$528,002$528,002$562,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$34,498$0
Funding fee$2,640$2,640$0
Note rate3.020%3.020%7.400%
Blended rate3.020%3.387%7.640%
1st payment$2,514.97$2,514.97$3,894.64
2nd payment$0.00$258.73$0.00
Taxes / mo$200.83$200.83$200.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,882.47$3,141.20$4,374.64
Cash to close$96,998$62,500$62,500