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$374,962$374,962$503,999
Remaining term (yrs)25.125.130.0
Secondary amount$0$129,037$0
Funding fee$1,875$1,875$0
Note rate3.070%3.070%7.320%
Blended rate3.070%4.332%7.560%
1st payment$1,780.00$1,780.00$3,462.12
2nd payment$0.00$860.25$0.00
Taxes / mo$214.25$214.25$214.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$230.00$230.00$230.00
Total monthly$2,390.91$3,251.16$4,173.84
Cash to close$185,037$56,000$56,000