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$488,214$488,214$553,499
Remaining term (yrs)25.325.330.0
Secondary amount$0$65,285$0
Funding fee$2,441$2,441$0
Note rate3.100%3.100%7.400%
Blended rate3.100%3.796%7.640%
1st payment$2,315.24$2,315.24$3,832.32
2nd payment$0.00$489.64$0.00
Taxes / mo$512.50$512.50$512.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,994.41$3,484.05$4,622.18
Cash to close$126,785$61,500$61,500