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$293,972$293,972$323,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$29,938$0
Funding fee$1,470$1,470$0
Note rate2.980%2.980%7.400%
Blended rate2.980%3.536%7.640%
1st payment$1,394.13$1,394.13$2,242.69
2nd payment$0.00$224.53$0.00
Taxes / mo$156.83$156.83$156.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,700.96$1,925.49$2,614.30
Cash to close$65,928$35,990$35,990