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$485,629$485,629$490,499
Remaining term (yrs)25.825.830.0
Secondary amount$0$32,121$0
Funding fee$2,428$2,428$0
Note rate5.500%5.500%7.240%
Blended rate5.500%5.895%7.480%
1st payment$2,933.28$2,933.28$3,342.74
2nd payment$0.00$317.86$0.00
Taxes / mo$454.17$454.17$454.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.10
HOA / mo$236.00$236.00$236.00
Total monthly$3,790.12$4,107.98$4,297.67
Cash to close$59,370$27,250$54,500