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$234,300$234,300$476,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$241,800$0
Funding fee$1,171$1,171$0
Note rate3.020%3.020%7.320%
Blended rate3.020%5.422%7.560%
1st payment$1,141.96$1,141.96$3,270.48
2nd payment$0.00$1,561.63$0.00
Taxes / mo$214.83$214.83$214.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,523.46$3,085.08$3,747.20
Cash to close$294,700$52,900$52,900