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$492,687$492,687$571,410
Remaining term (yrs)24.724.730.0
Secondary amount$0$78,723$0
Funding fee$2,463$2,463$0
Note rate2.940%2.940%7.400%
Blended rate2.940%3.775%7.640%
1st payment$2,331.59$2,331.59$3,956.33
2nd payment$0.00$590.42$0.00
Taxes / mo$783.50$783.50$783.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.28
HOA / mo$200.00$200.00$200.00
Total monthly$3,481.75$4,072.18$5,220.78
Cash to close$142,213$63,490$63,490