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$315,397$315,397$423,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$107,603$0
Funding fee$1,577$1,577$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.324%7.640%
1st payment$1,552.67$1,552.67$2,928.77
2nd payment$0.00$717.35$0.00
Taxes / mo$338.91$338.91$338.91
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,058.25$2,775.60$3,518.94
Cash to close$154,603$47,000$47,000