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$300,174$300,174$463,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$163,326$0
Funding fee$1,501$1,501$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.755%7.640%
1st payment$1,415.57$1,415.57$3,209.18
2nd payment$0.00$1,088.84$0.00
Taxes / mo$358.25$358.25$358.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$91.67$91.67$91.67
Total monthly$2,032.15$3,120.99$3,918.47
Cash to close$214,826$51,500$51,500