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$404,085$404,085$962,064
Remaining term (yrs)23.823.830.0
Secondary amount$0$557,979$0
Funding fee$2,020$2,020$0
Note rate3.100%3.100%7.400%
Blended rate3.100%5.797%7.640%
1st payment$1,995.55$1,995.55$6,661.14
2nd payment$0.00$3,603.61$0.00
Taxes / mo$359.47$359.47$359.47
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$192.41
HOA / mo$25.83$25.83$25.83
Total monthly$2,597.52$6,201.13$7,455.51
Cash to close$664,875$106,896$106,896