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$576,267$576,267$1,035,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$458,733$0
Funding fee$2,881$2,881$0
Note rate3.210%3.210%7.400%
Blended rate3.210%5.222%7.640%
1st payment$2,878.88$2,878.88$7,166.13
2nd payment$0.00$2,962.65$0.00
Taxes / mo$958.33$958.33$958.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$207.00
HOA / mo$143.00$143.00$143.00
Total monthly$4,196.88$7,159.53$8,691.13
Cash to close$573,733$115,000$115,000