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$317,055$317,055$373,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$56,445$0
Funding fee$1,585$1,585$0
Note rate2.860%2.860%7.400%
Blended rate2.860%3.788%7.640%
1st payment$1,473.81$1,473.81$2,586.04
2nd payment$0.00$423.34$0.00
Taxes / mo$315.92$315.92$315.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$20.83$20.83$20.83
Total monthly$1,960.55$2,383.90$3,147.49
Cash to close$97,945$41,500$41,500