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$302,247$302,247$493,200
Remaining term (yrs)24.924.930.0
Secondary amount$0$190,953$0
Funding fee$1,511$1,511$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.856%7.640%
1st payment$1,409.73$1,409.73$3,414.82
2nd payment$0.00$1,273.02$0.00
Taxes / mo$145.08$145.08$145.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.64
HOA / mo$8.33$8.33$8.33
Total monthly$1,729.81$3,002.83$3,833.54
Cash to close$245,753$54,800$54,800