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$226,187$226,187$328,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$102,313$0
Funding fee$1,131$1,131$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.420%7.560%
1st payment$1,076.85$1,076.85$2,256.57
2nd payment$0.00$682.09$0.00
Taxes / mo$412.83$412.83$412.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$17.08$17.08$17.08
Total monthly$1,656.76$2,338.85$2,902.18
Cash to close$138,813$36,500$36,500