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$413,103$413,103$562,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$149,397$0
Funding fee$2,066$2,066$0
Note rate3.070%3.070%7.320%
Blended rate3.070%4.379%7.560%
1st payment$1,956.79$1,956.79$3,863.98
2nd payment$0.00$995.98$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,644.29$3,640.27$4,663.98
Cash to close$211,897$62,500$62,500