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$303,417$303,417$427,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$124,083$0
Funding fee$1,517$1,517$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.309%7.640%
1st payment$1,437.58$1,437.58$2,959.92
2nd payment$0.00$827.22$0.00
Taxes / mo$395.83$395.83$395.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,000.08$2,827.30$3,607.92
Cash to close$171,583$47,500$47,500