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$406,212$406,212$409,499
Remaining term (yrs)25.425.430.0
Secondary amount$0$26,037$0
Funding fee$2,031$2,031$0
Note rate3.690%3.690%7.400%
Blended rate3.690%4.183%7.640%
1st payment$2,050.47$2,050.47$2,835.29
2nd payment$0.00$257.65$0.00
Taxes / mo$379.17$379.17$379.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.90
HOA / mo$240.00$240.00$240.00
Total monthly$2,836.30$3,093.96$3,703.02
Cash to close$48,787$22,750$45,500