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$375,690$375,690$405,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$29,310$0
Funding fee$1,878$1,878$0
Note rate3.060%3.060%7.400%
Blended rate3.060%3.490%7.640%
1st payment$1,805.38$1,805.38$2,804.14
2nd payment$0.00$219.83$0.00
Taxes / mo$23.17$23.17$23.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,978.55$2,198.38$3,058.30
Cash to close$74,310$45,000$45,000