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$495,409$495,409$621,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$125,591$0
Funding fee$2,477$2,477$0
Note rate3.120%3.120%7.400%
Blended rate3.120%4.107%7.640%
1st payment$2,354.57$2,354.57$4,299.68
2nd payment$0.00$837.27$0.00
Taxes / mo$575.00$575.00$575.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.20
HOA / mo$74.00$74.00$74.00
Total monthly$3,170.24$4,007.51$5,239.55
Cash to close$194,591$69,000$69,000