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$437,854$437,854$585,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$147,146$0
Funding fee$2,189$2,189$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.115%7.640%
1st payment$2,057.13$2,057.13$4,050.42
2nd payment$0.00$980.98$0.00
Taxes / mo$296.33$296.33$296.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$48.00$48.00$48.00
Total monthly$2,568.13$3,549.11$4,678.42
Cash to close$212,146$65,000$65,000