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$408,795$408,795$427,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$42,455$0
Funding fee$2,044$2,044$0
Note rate3.090%3.090%7.400%
Blended rate3.090%3.917%7.640%
1st payment$1,940.67$1,940.67$2,959.92
2nd payment$0.00$420.12$0.00
Taxes / mo$395.83$395.83$395.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,503.17$2,923.29$3,607.92
Cash to close$66,205$23,750$47,500