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$244,064$244,064$310,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$66,436$0
Funding fee$1,220$1,220$0
Note rate2.700%2.700%7.400%
Blended rate2.700%4.048%7.640%
1st payment$1,135.67$1,135.67$2,149.84
2nd payment$0.00$498.27$0.00
Taxes / mo$342.58$342.58$342.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,628.26$2,126.53$2,704.52
Cash to close$100,936$34,500$34,500