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$242,276$242,276$324,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$81,724$0
Funding fee$1,211$1,211$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.469%7.640%
1st payment$1,168.06$1,168.06$2,243.31
2nd payment$0.00$612.93$0.00
Taxes / mo$353.33$353.33$353.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,671.39$2,284.32$2,811.44
Cash to close$117,724$36,000$36,000