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$202,258$202,258$224,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$34,292$0
Funding fee$1,011$1,011$0
Note rate3.110%3.110%7.320%
Blended rate3.110%4.381%7.560%
1st payment$958.16$958.16$1,539.41
2nd payment$0.00$339.35$0.00
Taxes / mo$11.58$11.58$11.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.82
HOA / mo$265.00$265.00$265.00
Total monthly$1,384.74$1,724.10$2,010.81
Cash to close$46,742$12,450$24,900