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$201,921$201,921$616,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$414,579$0
Funding fee$1,010$1,010$0
Note rate3.950%3.950%7.400%
Blended rate3.950%6.505%7.640%
1st payment$1,186.34$1,186.34$4,268.52
2nd payment$0.00$2,677.49$0.00
Taxes / mo$570.83$570.83$570.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.30
HOA / mo$295.00$295.00$295.00
Total monthly$2,218.84$4,896.33$5,424.32
Cash to close$483,079$68,500$68,500