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$463,225$463,225$503,820
Remaining term (yrs)25.025.030.0
Secondary amount$0$40,595$0
Funding fee$2,316$2,316$0
Note rate2.860%2.860%7.400%
Blended rate2.860%3.355%7.640%
1st payment$2,153.27$2,153.27$3,488.35
2nd payment$0.00$304.46$0.00
Taxes / mo$466.50$466.50$466.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.76
HOA / mo$165.00$165.00$165.00
Total monthly$2,951.44$3,255.90$4,387.28
Cash to close$96,575$55,980$55,980