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$297,233$297,233$405,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$107,767$0
Funding fee$1,486$1,486$0
Note rate2.880%2.880%7.320%
Blended rate2.880%4.242%7.560%
1st payment$1,394.21$1,394.21$2,782.07
2nd payment$0.00$718.45$0.00
Taxes / mo$227.33$227.33$227.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$55.00$55.00$55.00
Total monthly$1,826.54$2,544.99$3,295.40
Cash to close$152,767$45,000$45,000