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$1,159,302$1,159,302$1,440,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$280,698$0
Funding fee$5,797$5,797$0
Note rate2.880%2.880%7.320%
Blended rate2.880%3.829%7.560%
1st payment$5,388.77$5,388.77$9,891.80
2nd payment$0.00$1,812.84$0.00
Taxes / mo$1,333.33$1,333.33$1,333.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$288.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,938.77$8,751.62$11,729.80
Cash to close$440,698$160,000$160,000