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$213,616$213,616$306,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$92,384$0
Funding fee$1,068$1,068$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.700%7.640%
1st payment$1,014.06$1,014.06$2,118.68
2nd payment$0.00$692.88$0.00
Taxes / mo$200.50$200.50$200.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,364.56$2,057.44$2,530.38
Cash to close$126,384$34,000$34,000