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$482,306$482,306$553,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$71,194$0
Funding fee$2,412$2,412$0
Note rate2.875%2.875%7.400%
Blended rate2.875%3.663%7.640%
1st payment$2,250.79$2,250.79$3,832.32
2nd payment$0.00$533.96$0.00
Taxes / mo$376.50$376.50$376.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$9.58$9.58$9.58
Total monthly$2,803.54$3,337.50$4,495.77
Cash to close$132,694$61,500$61,500