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$502,243$502,243$504,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$29,757$0
Funding fee$2,511$2,511$0
Note rate3.110%3.110%7.320%
Blended rate3.110%3.600%7.560%
1st payment$2,384.41$2,384.41$3,462.13
2nd payment$0.00$294.47$0.00
Taxes / mo$229.50$229.50$229.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$40.00$40.00$40.00
Total monthly$2,820.57$3,115.05$3,999.10
Cash to close$57,757$28,000$56,000