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$306,008$306,008$404,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$98,092$0
Funding fee$1,530$1,530$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.426%7.640%
1st payment$1,451.32$1,451.32$2,797.91
2nd payment$0.00$735.69$0.00
Taxes / mo$339.50$339.50$339.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$120.00$120.00$120.00
Total monthly$2,060.82$2,796.51$3,488.23
Cash to close$142,992$44,900$44,900