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$338,850$338,850$584,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$245,250$0
Funding fee$1,694$1,694$0
Note rate2.730%2.730%7.400%
Blended rate2.730%4.838%7.640%
1st payment$1,581.90$1,581.90$4,044.19
2nd payment$0.00$1,583.91$0.00
Taxes / mo$184.33$184.33$184.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.82
HOA / mo$12.50$12.50$12.50
Total monthly$1,945.40$3,529.31$4,524.51
Cash to close$310,150$64,900$64,900