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$264,435$264,435$495,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$230,565$0
Funding fee$1,322$1,322$0
Note rate2.770%2.770%7.320%
Blended rate2.770%5.090%7.560%
1st payment$1,234.04$1,234.04$3,400.31
2nd payment$0.00$1,489.07$0.00
Taxes / mo$287.50$287.50$287.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,688.21$3,177.28$3,953.47
Cash to close$285,565$55,000$55,000