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$355,187$355,187$585,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$229,813$0
Funding fee$1,776$1,776$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.854%7.640%
1st payment$1,673.15$1,673.15$4,050.42
2nd payment$0.00$1,484.21$0.00
Taxes / mo$620.92$620.92$620.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,460.73$3,944.94$4,955.01
Cash to close$294,813$65,000$65,000