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$225,144$225,144$261,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$35,856$0
Funding fee$1,126$1,126$0
Note rate4.160%4.160%7.320%
Blended rate4.160%4.825%7.560%
1st payment$1,194.91$1,194.91$1,792.89
2nd payment$0.00$268.92$0.00
Taxes / mo$241.67$241.67$241.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,586.58$1,855.50$2,236.76
Cash to close$64,856$29,000$29,000