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$403,342$403,342$990,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$586,658$0
Funding fee$2,017$2,017$0
Note rate2.980%2.980%7.320%
Blended rate2.980%5.807%7.560%
1st payment$1,912.80$1,912.80$6,800.61
2nd payment$0.00$3,788.83$0.00
Taxes / mo$916.67$916.67$916.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,046.13$6,834.97$8,131.95
Cash to close$696,658$110,000$110,000