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$460,577$460,577$585,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$124,423$0
Funding fee$2,303$2,303$0
Note rate3.650%3.650%7.320%
Blended rate3.650%4.575%7.560%
1st payment$2,424.14$2,424.14$4,018.54
2nd payment$0.00$829.49$0.00
Taxes / mo$637.92$637.92$637.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$60.00$60.00$60.00
Total monthly$3,288.73$4,118.21$5,000.13
Cash to close$189,423$65,000$65,000