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$296,015$296,015$518,400
Remaining term (yrs)24.624.630.0
Secondary amount$0$222,385$0
Funding fee$1,480$1,480$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.981%7.640%
1st payment$1,397.95$1,397.95$3,589.30
2nd payment$0.00$1,436.24$0.00
Taxes / mo$480.00$480.00$480.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,044.61$3,480.85$4,339.64
Cash to close$279,985$57,600$57,600