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$485,884$485,884$625,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$139,616$0
Funding fee$2,429$2,429$0
Note rate2.950%2.950%7.240%
Blended rate2.950%4.077%7.480%
1st payment$2,296.69$2,296.69$4,262.77
2nd payment$0.00$930.77$0.00
Taxes / mo$579.17$579.17$579.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,042.52$3,973.29$5,133.70
Cash to close$209,116$69,500$69,500