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$248,076$248,076$396,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$147,924$0
Funding fee$1,240$1,240$0
Note rate3.730%3.730%7.320%
Blended rate3.730%5.325%7.560%
1st payment$1,325.10$1,325.10$2,720.25
2nd payment$0.00$986.16$0.00
Taxes / mo$366.67$366.67$366.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,841.76$2,827.92$3,316.11
Cash to close$191,924$44,000$44,000