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$487,492$487,492$494,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$34,058$0
Funding fee$2,437$2,437$0
Note rate3.850%3.850%7.320%
Blended rate3.850%4.374%7.560%
1st payment$2,493.87$2,493.87$3,394.12
2nd payment$0.00$337.03$0.00
Taxes / mo$457.50$457.50$457.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.82
HOA / mo$520.00$520.00$520.00
Total monthly$3,638.04$3,975.07$4,637.11
Cash to close$61,508$27,450$54,900