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$510,478$510,478$562,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$51,932$0
Funding fee$2,552$2,552$0
Note rate2.970%2.970%7.400%
Blended rate2.970%3.527%7.640%
1st payment$2,440.40$2,440.40$3,894.01
2nd payment$0.00$389.49$0.00
Taxes / mo$520.75$520.75$520.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.48
HOA / mo$113.00$113.00$113.00
Total monthly$3,240.81$3,630.30$4,806.91
Cash to close$114,422$62,490$62,490