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$227,927$227,927$463,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$235,573$0
Funding fee$1,140$1,140$0
Note rate2.790%2.790%7.320%
Blended rate2.790%5.311%7.560%
1st payment$1,071.05$1,071.05$3,183.92
2nd payment$0.00$1,521.41$0.00
Taxes / mo$264.92$264.92$264.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$291.67$291.67$291.67
Total monthly$1,794.30$3,315.71$3,999.88
Cash to close$287,073$51,500$51,500