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$507,978$507,978$656,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$148,122$0
Funding fee$2,540$2,540$0
Note rate2.720%2.720%7.400%
Blended rate2.720%3.912%7.640%
1st payment$2,380.31$2,380.31$4,542.70
2nd payment$0.00$987.48$0.00
Taxes / mo$607.50$607.50$607.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,204.47$4,191.95$5,498.09
Cash to close$221,022$72,900$72,900