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$230,072$230,072$323,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$93,838$0
Funding fee$1,150$1,150$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.603%7.640%
1st payment$1,091.25$1,091.25$2,242.69
2nd payment$0.00$703.79$0.00
Taxes / mo$254.42$254.42$254.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.78
HOA / mo$10.00$10.00$10.00
Total monthly$1,505.67$2,209.45$2,721.89
Cash to close$129,828$35,990$35,990