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$264,187$264,187$431,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$167,812$0
Funding fee$1,321$1,321$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.930%7.640%
1st payment$1,285.21$1,285.21$2,991.07
2nd payment$0.00$1,118.75$0.00
Taxes / mo$378.92$378.92$378.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$411.00$411.00$411.00
Total monthly$2,241.80$3,360.54$4,034.06
Cash to close$215,812$48,000$48,000