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$220,716$220,716$368,991
Remaining term (yrs)24.124.130.0
Secondary amount$0$148,275$0
Funding fee$1,104$1,104$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.896%7.640%
1st payment$1,046.87$1,046.87$2,554.82
2nd payment$0.00$988.50$0.00
Taxes / mo$0.37$0.37$0.37
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$30.83$30.83$30.83
Total monthly$1,228.07$2,216.57$2,809.82
Cash to close$189,274$40,999$40,999