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$479,279$479,279$607,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$128,221$0
Funding fee$2,396$2,396$0
Note rate2.810%2.810%7.400%
Blended rate2.810%3.905%7.640%
1st payment$2,251.76$2,251.76$4,206.21
2nd payment$0.00$854.81$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,876.76$3,731.56$4,952.71
Cash to close$195,721$67,500$67,500