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$291,659$291,659$495,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$203,341$0
Funding fee$1,458$1,458$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.939%7.640%
1st payment$1,418.86$1,418.86$3,427.28
2nd payment$0.00$1,313.25$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,043.86$3,357.10$4,151.28
Cash to close$258,341$55,000$55,000