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$299,061$299,061$355,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$56,439$0
Funding fee$1,495$1,495$0
Note rate2.840%2.840%7.320%
Blended rate2.840%3.818%7.560%
1st payment$1,390.24$1,390.24$2,442.04
2nd payment$0.00$423.29$0.00
Taxes / mo$199.33$199.33$199.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,739.57$2,162.87$2,862.47
Cash to close$95,939$39,500$39,500