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$397,219$397,219$670,500
Remaining term (yrs)22.522.530.0
Secondary amount$0$273,281$0
Funding fee$1,986$1,986$0
Note rate4.080%4.080%7.400%
Blended rate4.080%5.576%7.640%
1st payment$2,240.57$2,240.57$4,642.41
2nd payment$0.00$1,764.94$0.00
Taxes / mo$620.83$620.83$620.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,078.07$4,843.02$5,614.01
Cash to close$347,781$74,500$74,500