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$350,263$350,263$504,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$153,737$0
Funding fee$1,751$1,751$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.511%7.640%
1st payment$1,661.08$1,661.08$3,489.59
2nd payment$0.00$1,024.92$0.00
Taxes / mo$46.00$46.00$46.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$83.00$83.00$83.00
Total monthly$1,956.74$2,981.66$3,886.06
Cash to close$209,737$56,000$56,000