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$479,416$479,416$481,500
Remaining term (yrs)29.329.330.0
Secondary amount$0$28,834$0
Funding fee$2,397$2,397$0
Note rate4.500%4.500%7.400%
Blended rate4.500%4.918%7.640%
1st payment$2,451.99$2,451.99$3,333.81
2nd payment$0.00$285.34$0.00
Taxes / mo$445.83$445.83$445.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,064.49$3,349.83$4,042.61
Cash to close$55,584$26,750$53,500