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$211,094$211,094$486,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$274,906$0
Funding fee$1,055$1,055$0
Note rate3.230%3.230%7.320%
Blended rate3.230%5.787%7.560%
1st payment$1,059.23$1,059.23$3,338.48
2nd payment$0.00$1,775.44$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$72.00$72.00$72.00
Total monthly$1,747.89$3,523.33$4,124.35
Cash to close$328,906$54,000$54,000