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$216,645$216,645$355,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$138,855$0
Funding fee$1,083$1,083$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.880%7.640%
1st payment$1,068.87$1,068.87$2,461.41
2nd payment$0.00$925.70$0.00
Taxes / mo$329.17$329.17$329.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$3.33$3.33$3.33
Total monthly$1,551.37$2,477.07$3,015.01
Cash to close$178,355$39,500$39,500