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$438,673$438,673$607,410
Remaining term (yrs)24.024.030.0
Secondary amount$0$168,737$0
Funding fee$2,193$2,193$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.288%7.640%
1st payment$2,096.90$2,096.90$4,205.58
2nd payment$0.00$1,124.91$0.00
Taxes / mo$562.42$562.42$562.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.48
HOA / mo$295.00$295.00$295.00
Total monthly$3,120.98$4,245.89$5,351.15
Cash to close$236,227$67,490$67,490