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$854,893$854,893$990,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$135,107$0
Funding fee$4,274$4,274$0
Note rate2.940%2.940%7.400%
Blended rate2.940%3.631%7.640%
1st payment$4,045.69$4,045.69$6,854.56
2nd payment$0.00$900.72$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$220.00$220.00$220.00
Total monthly$5,399.02$6,299.73$8,405.89
Cash to close$245,107$110,000$110,000