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$228,894$228,894$438,300
Remaining term (yrs)23.423.430.0
Secondary amount$0$209,406$0
Funding fee$1,144$1,144$0
Note rate3.290%3.290%7.400%
Blended rate3.290%5.421%7.640%
1st payment$1,163.82$1,163.82$3,034.70
2nd payment$0.00$1,352.42$0.00
Taxes / mo$615.83$615.83$615.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.66
HOA / mo$0.00$0.00$0.00
Total monthly$1,946.32$3,298.73$3,904.86
Cash to close$258,106$48,700$48,700