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$200,600$200,600$378,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$177,400$0
Funding fee$1,003$1,003$0
Note rate3.310%3.310%7.320%
Blended rate3.310%5.511%7.560%
1st payment$1,017.32$1,017.32$2,596.60
2nd payment$0.00$1,182.67$0.00
Taxes / mo$235.67$235.67$235.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$20.83$20.83$20.83
Total monthly$1,423.82$2,606.49$3,078.69
Cash to close$219,400$42,000$42,000