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$492,234$492,234$598,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$106,176$0
Funding fee$2,461$2,461$0
Note rate2.880%2.880%7.400%
Blended rate2.880%3.788%7.640%
1st payment$2,293.20$2,293.20$4,143.27
2nd payment$0.00$707.84$0.00
Taxes / mo$554.08$554.08$554.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.68
HOA / mo$0.00$0.00$0.00
Total monthly$3,013.95$3,721.79$4,983.70
Cash to close$172,666$66,490$66,490