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$469,605$469,605$580,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$110,895$0
Funding fee$2,348$2,348$0
Note rate2.810%2.810%7.400%
Blended rate2.810%3.801%7.640%
1st payment$2,201.13$2,201.13$4,019.26
2nd payment$0.00$739.30$0.00
Taxes / mo$537.50$537.50$537.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.10
HOA / mo$11.00$11.00$11.00
Total monthly$2,916.30$3,655.60$4,850.53
Cash to close$175,395$64,500$64,500