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$232,457$232,457$260,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$28,453$0
Funding fee$1,162$1,162$0
Note rate3.050%3.050%7.400%
Blended rate3.050%3.699%7.640%
1st payment$1,101.07$1,101.07$1,806.49
2nd payment$0.00$213.40$0.00
Taxes / mo$269.50$269.50$269.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,520.57$1,733.97$2,278.17
Cash to close$57,443$28,990$28,990