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$485,020$485,020$823,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$338,480$0
Funding fee$2,425$2,425$0
Note rate2.930%2.930%7.400%
Blended rate2.930%4.911%7.640%
1st payment$2,287.58$2,287.58$5,701.75
2nd payment$0.00$2,186.02$0.00
Taxes / mo$762.50$762.50$762.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$164.70
HOA / mo$120.00$120.00$120.00
Total monthly$3,386.75$5,572.76$6,965.61
Cash to close$429,980$91,500$91,500