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$447,622$447,622$486,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$38,378$0
Funding fee$2,238$2,238$0
Note rate3.170%3.170%7.400%
Blended rate3.170%3.630%7.640%
1st payment$2,181.65$2,181.65$3,364.97
2nd payment$0.00$287.83$0.00
Taxes / mo$248.92$248.92$248.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,597.23$2,885.06$3,877.75
Cash to close$92,378$54,000$54,000