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$397,841$397,841$899,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$502,069$0
Funding fee$1,989$1,989$0
Note rate2.890%2.890%7.400%
Blended rate2.890%5.601%7.640%
1st payment$1,907.83$1,907.83$6,230.80
2nd payment$0.00$3,242.53$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,416.17$5,658.70$6,919.11
Cash to close$602,059$99,990$99,990