Dan Frey Home Loans
Call Dan

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$481,898$481,898$521,999
Remaining term (yrs)25.325.330.0
Secondary amount$0$40,101$0
Funding fee$2,409$2,409$0
Note rate3.120%3.120%7.400%
Blended rate3.120%3.572%7.640%
1st payment$2,290.35$2,290.35$3,614.22
2nd payment$0.00$300.76$0.00
Taxes / mo$500.82$500.82$500.82
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,957.84$3,258.59$4,386.10
Cash to close$98,101$58,000$58,000