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$440,425$440,425$1,124,100
Remaining term (yrs)18.418.430.0
Secondary amount$0$683,675$0
Funding fee$2,202$2,202$0
Note rate4.010%4.010%7.320%
Blended rate4.010%6.285%7.560%
1st payment$2,804.59$2,804.59$7,721.79
2nd payment$0.00$4,415.40$0.00
Taxes / mo$1,040.83$1,040.83$1,040.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$224.82
HOA / mo$157.00$157.00$157.00
Total monthly$4,219.09$8,634.49$9,361.11
Cash to close$808,575$124,900$124,900