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$201,077$201,077$607,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$406,423$0
Funding fee$1,005$1,005$0
Note rate2.710%2.710%7.400%
Blended rate2.710%6.082%7.640%
1st payment$941.20$941.20$4,206.21
2nd payment$0.00$2,624.81$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$120.00$120.00$120.00
Total monthly$1,790.36$4,415.18$5,176.87
Cash to close$473,923$67,500$67,500