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$493,483$493,483$625,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$132,017$0
Funding fee$2,467$2,467$0
Note rate3.180%3.180%7.320%
Blended rate3.180%4.197%7.560%
1st payment$2,407.76$2,407.76$4,296.75
2nd payment$0.00$880.11$0.00
Taxes / mo$364.33$364.33$364.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.10
HOA / mo$225.00$225.00$225.00
Total monthly$3,163.76$4,043.87$5,177.85
Cash to close$201,517$69,500$69,500