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$353,112$353,112$373,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$41,138$0
Funding fee$1,766$1,766$0
Note rate3.100%3.100%7.320%
Blended rate3.100%4.016%7.560%
1st payment$1,678.17$1,678.17$2,565.69
2nd payment$0.00$407.10$0.00
Taxes / mo$214.17$214.17$214.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,042.34$2,449.44$3,004.55
Cash to close$61,888$20,750$41,500