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$270,331$270,331$359,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$88,769$0
Funding fee$1,352$1,352$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.385%7.560%
1st payment$1,293.59$1,293.59$2,466.77
2nd payment$0.00$665.77$0.00
Taxes / mo$261.00$261.00$261.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$57.00$57.00$57.00
Total monthly$1,761.59$2,427.36$3,006.59
Cash to close$128,669$39,900$39,900