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$262,005$262,005$279,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$32,495$0
Funding fee$1,310$1,310$0
Note rate2.860%2.860%7.400%
Blended rate2.860%3.855%7.640%
1st payment$1,220.68$1,220.68$1,931.74
2nd payment$0.00$321.57$0.00
Taxes / mo$331.85$331.85$331.85
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.80
HOA / mo$800.00$800.00$800.00
Total monthly$2,502.53$2,824.09$3,269.39
Cash to close$47,995$15,500$31,000