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$231,104$231,104$287,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$55,996$0
Funding fee$1,156$1,156$0
Note rate2.930%2.930%7.400%
Blended rate2.930%4.114%7.640%
1st payment$1,089.99$1,089.99$1,987.82
2nd payment$0.00$419.97$0.00
Taxes / mo$265.83$265.83$265.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,505.83$1,925.80$2,461.08
Cash to close$87,896$31,900$31,900