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$503,433$503,433$535,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$32,067$0
Funding fee$2,517$2,517$0
Note rate3.100%3.100%7.400%
Blended rate3.100%3.453%7.640%
1st payment$2,392.58$2,392.58$3,707.69
2nd payment$0.00$240.50$0.00
Taxes / mo$495.83$495.83$495.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.10
HOA / mo$120.00$120.00$120.00
Total monthly$3,175.08$3,415.58$4,597.29
Cash to close$91,567$59,500$59,500