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$357,170$357,170$679,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$322,330$0
Funding fee$1,786$1,786$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.164%7.640%
1st payment$1,697.74$1,697.74$4,704.72
2nd payment$0.00$2,081.72$0.00
Taxes / mo$629.17$629.17$629.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,543.57$4,625.29$5,686.45
Cash to close$397,830$75,500$75,500