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$477,786$477,786$651,600
Remaining term (yrs)24.424.430.0
Secondary amount$0$173,814$0
Funding fee$2,389$2,389$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.194%7.640%
1st payment$2,244.74$2,244.74$4,511.55
2nd payment$0.00$1,158.76$0.00
Taxes / mo$258.17$258.17$258.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.32
HOA / mo$30.00$30.00$30.00
Total monthly$2,749.57$3,908.34$5,146.70
Cash to close$246,214$72,400$72,400