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$492,462$492,462$809,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$316,638$0
Funding fee$2,462$2,462$0
Note rate3.480%3.480%7.400%
Blended rate3.480%5.151%7.640%
1st payment$2,553.20$2,553.20$5,602.04
2nd payment$0.00$2,044.96$0.00
Taxes / mo$749.17$749.17$749.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$142.00$142.00$142.00
Total monthly$3,661.03$5,705.98$6,871.70
Cash to close$406,538$89,900$89,900