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$294,544$294,544$503,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$208,556$0
Funding fee$1,473$1,473$0
Note rate2.930%2.930%7.400%
Blended rate2.930%4.928%7.640%
1st payment$1,389.21$1,389.21$3,483.36
2nd payment$0.00$1,346.92$0.00
Taxes / mo$355.83$355.83$355.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,911.71$3,258.63$4,106.48
Cash to close$264,456$55,900$55,900