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$806,333$806,333$1,080,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$273,667$0
Funding fee$4,032$4,032$0
Note rate2.940%2.940%7.320%
Blended rate2.940%4.159%7.560%
1st payment$3,807.21$3,807.21$7,418.85
2nd payment$0.00$1,767.44$0.00
Taxes / mo$1,849.67$1,849.67$1,849.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$216.00
HOA / mo$40.00$40.00$40.00
Total monthly$5,913.55$7,680.98$9,741.18
Cash to close$393,667$120,000$120,000