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$306,956$306,956$373,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$66,544$0
Funding fee$1,535$1,535$0
Note rate3.310%3.310%7.400%
Blended rate3.310%4.324%7.640%
1st payment$1,556.70$1,556.70$2,586.04
2nd payment$0.00$499.08$0.00
Taxes / mo$354.67$354.67$354.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,061.36$2,560.44$3,165.41
Cash to close$108,044$41,500$41,500