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$474,896$474,896$1,618,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$1,144,103$0
Funding fee$2,374$2,374$0
Note rate2.980%2.980%7.400%
Blended rate2.980%6.351%7.640%
1st payment$2,310.27$2,310.27$11,209.62
2nd payment$0.00$7,389.00$0.00
Taxes / mo$1,499.07$1,499.07$1,499.07
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$323.80
HOA / mo$0.00$0.00$0.00
Total monthly$4,026.01$11,415.00$13,249.16
Cash to close$1,323,992$179,889$179,889