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$287,421$287,421$450,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$162,579$0
Funding fee$1,437$1,437$0
Note rate3.230%3.230%7.320%
Blended rate3.230%4.953%7.560%
1st payment$1,445.58$1,445.58$3,091.19
2nd payment$0.00$1,083.86$0.00
Taxes / mo$298.75$298.75$298.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$70.00$70.00$70.00
Total monthly$1,981.00$3,064.86$3,716.60
Cash to close$212,579$50,000$50,000