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$271,314$271,314$431,998
Remaining term (yrs)24.024.030.0
Secondary amount$0$160,684$0
Funding fee$1,357$1,357$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.784%7.640%
1st payment$1,299.69$1,299.69$2,991.07
2nd payment$0.00$1,071.23$0.00
Taxes / mo$297.17$297.17$297.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$122.00$122.00$122.00
Total monthly$1,885.52$2,956.75$3,663.30
Cash to close$208,684$48,000$48,000