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$517,843$517,843$540,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$52,157$0
Funding fee$2,589$2,589$0
Note rate3.110%3.110%7.400%
Blended rate3.110%3.912%7.640%
1st payment$2,458.47$2,458.47$3,738.85
2nd payment$0.00$516.14$0.00
Taxes / mo$464.75$464.75$464.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$56.00$56.00$56.00
Total monthly$3,145.89$3,662.03$4,534.27
Cash to close$82,157$30,000$60,000