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$480,084$480,084$530,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$50,016$0
Funding fee$2,400$2,400$0
Note rate3.450%3.450%7.400%
Blended rate3.450%3.974%7.640%
1st payment$2,356.24$2,356.24$3,670.31
2nd payment$0.00$375.12$0.00
Taxes / mo$490.83$490.83$490.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,013.74$3,388.86$4,433.83
Cash to close$108,916$58,900$58,900