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$310,758$310,758$540,000
Remaining term (yrs)19.819.830.0
Secondary amount$0$229,242$0
Funding fee$1,554$1,554$0
Note rate3.570%3.570%7.320%
Blended rate3.570%5.345%7.560%
1st payment$1,818.67$1,818.67$3,709.43
2nd payment$0.00$1,480.52$0.00
Taxes / mo$664.42$664.42$664.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$329.00$329.00$329.00
Total monthly$2,978.75$4,459.28$4,977.51
Cash to close$289,242$60,000$60,000