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$262,137$262,137$341,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$79,773$0
Funding fee$1,311$1,311$0
Note rate3.230%3.230%7.320%
Blended rate3.230%4.576%7.560%
1st payment$1,315.35$1,315.35$2,348.68
2nd payment$0.00$598.30$0.00
Taxes / mo$70.58$70.58$70.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,535.93$2,134.23$2,637.65
Cash to close$117,763$37,990$37,990