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$256,028$256,028$358,200
Remaining term (yrs)24.924.930.0
Secondary amount$0$102,172$0
Funding fee$1,280$1,280$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.333%7.640%
1st payment$1,194.15$1,194.15$2,480.10
2nd payment$0.00$681.15$0.00
Taxes / mo$331.67$331.67$331.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,675.82$2,356.97$3,033.41
Cash to close$141,972$39,800$39,800