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$310,368$310,368$359,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$49,542$0
Funding fee$1,552$1,552$0
Note rate3.050%3.050%7.400%
Blended rate3.050%3.869%7.640%
1st payment$1,496.63$1,496.63$2,491.94
2nd payment$0.00$371.56$0.00
Taxes / mo$359.75$359.75$359.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$8.33$8.33$8.33
Total monthly$2,014.71$2,386.27$3,082.01
Cash to close$89,532$39,990$39,990