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$525,427$525,427$584,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$58,673$0
Funding fee$2,627$2,627$0
Note rate2.940%2.940%7.320%
Blended rate2.940%3.549%7.560%
1st payment$2,486.53$2,486.53$4,012.36
2nd payment$0.00$440.04$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.82
HOA / mo$582.00$582.00$582.00
Total monthly$3,776.03$4,216.07$5,418.68
Cash to close$123,573$64,900$64,900