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$236,857$236,857$382,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$145,643$0
Funding fee$1,184$1,184$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.830%7.640%
1st payment$1,108.48$1,108.48$2,648.35
2nd payment$0.00$970.95$0.00
Taxes / mo$75.58$75.58$75.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,334.06$2,305.01$2,950.44
Cash to close$188,143$42,500$42,500