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$308,057$308,057$360,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$51,943$0
Funding fee$1,540$1,540$0
Note rate2.750%2.750%7.400%
Blended rate2.750%3.652%7.640%
1st payment$1,414.56$1,414.56$2,492.57
2nd payment$0.00$389.57$0.00
Taxes / mo$335.75$335.75$335.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,900.31$2,289.88$3,050.32
Cash to close$91,943$40,000$40,000