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$488,824$488,824$495,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$33,676$0
Funding fee$2,444$2,444$0
Note rate3.050%3.050%7.400%
Blended rate3.050%3.619%7.640%
1st payment$2,310.34$2,310.34$3,427.28
2nd payment$0.00$333.26$0.00
Taxes / mo$225.58$225.58$225.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$8.33$8.33$8.33
Total monthly$2,710.92$3,044.18$3,926.86
Cash to close$61,176$27,500$55,000