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$519,162$519,162$571,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$52,338$0
Funding fee$2,596$2,596$0
Note rate2.870%2.870%7.320%
Blended rate2.870%3.431%7.560%
1st payment$2,426.97$2,426.97$3,925.81
2nd payment$0.00$392.53$0.00
Taxes / mo$327.83$327.83$327.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.30
HOA / mo$42.00$42.00$42.00
Total monthly$2,963.47$3,356.00$4,576.61
Cash to close$115,838$63,500$63,500