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$319,346$319,346$697,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$378,154$0
Funding fee$1,597$1,597$0
Note rate2.740%2.740%7.400%
Blended rate2.740%5.456%7.640%
1st payment$1,492.48$1,492.48$4,829.35
2nd payment$0.00$2,442.25$0.00
Taxes / mo$407.83$407.83$407.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,116.98$4,559.23$5,593.35
Cash to close$455,654$77,500$77,500