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$203,455$203,455$315,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$111,545$0
Funding fee$1,017$1,017$0
Note rate3.720%3.720%7.320%
Blended rate3.720%5.236%7.560%
1st payment$1,085.66$1,085.66$2,163.83
2nd payment$0.00$743.63$0.00
Taxes / mo$295.17$295.17$295.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$15.00$15.00$15.00
Total monthly$1,545.83$2,289.46$2,687.00
Cash to close$146,545$35,000$35,000