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$215,846$215,846$288,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$72,154$0
Funding fee$1,079$1,079$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.406%7.560%
1st payment$1,009.03$1,009.03$1,978.36
2nd payment$0.00$541.15$0.00
Taxes / mo$370.33$370.33$370.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,529.37$2,070.52$2,556.29
Cash to close$104,154$32,000$32,000