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$400,645$400,645$697,500
Remaining term (yrs)20.620.630.0
Secondary amount$0$296,855$0
Funding fee$2,003$2,003$0
Note rate4.220%4.220%7.400%
Blended rate4.220%5.722%7.640%
1st payment$2,417.66$2,417.66$4,829.35
2nd payment$0.00$1,917.19$0.00
Taxes / mo$366.50$366.50$366.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$2.75$2.75$2.75
Total monthly$3,003.57$4,920.76$5,554.77
Cash to close$374,355$77,500$77,500