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$472,375$472,375$594,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$121,625$0
Funding fee$2,362$2,362$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.079%7.640%
1st payment$2,237.54$2,237.54$4,112.74
2nd payment$0.00$810.84$0.00
Taxes / mo$135.42$135.42$135.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,539.63$3,350.46$4,533.62
Cash to close$187,625$66,000$66,000