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$302,951$302,951$494,910
Remaining term (yrs)29.429.430.0
Secondary amount$0$191,959$0
Funding fee$1,515$1,515$0
Note rate6.180%6.180%7.400%
Blended rate6.180%6.886%7.640%
1st payment$1,862.44$1,862.44$3,426.66
2nd payment$0.00$1,279.73$0.00
Taxes / mo$394.50$394.50$394.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,423.60$3,703.33$4,086.81
Cash to close$246,949$54,990$54,990