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$402,799$402,799$504,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$101,201$0
Funding fee$2,014$2,014$0
Note rate3.160%3.160%7.320%
Blended rate3.160%4.132%7.560%
1st payment$1,997.12$1,997.12$3,462.13
2nd payment$0.00$674.68$0.00
Taxes / mo$305.58$305.58$305.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$92.00$92.00$92.00
Total monthly$2,561.37$3,236.04$4,127.18
Cash to close$157,201$56,000$56,000