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$478,216$478,216$616,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$138,284$0
Funding fee$2,391$2,391$0
Note rate3.110%3.110%7.400%
Blended rate3.110%4.207%7.640%
1st payment$2,270.34$2,270.34$4,268.52
2nd payment$0.00$921.89$0.00
Taxes / mo$400.33$400.33$400.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.30
HOA / mo$120.00$120.00$120.00
Total monthly$2,957.34$3,879.23$5,078.82
Cash to close$206,784$68,500$68,500