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$374,740$374,740$612,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$237,260$0
Funding fee$1,874$1,874$0
Note rate2.250%2.250%7.400%
Blended rate2.250%4.382%7.640%
1st payment$1,638.43$1,638.43$4,237.36
2nd payment$0.00$1,532.31$0.00
Taxes / mo$566.67$566.67$566.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.40
HOA / mo$45.00$45.00$45.00
Total monthly$2,416.76$3,949.07$5,138.10
Cash to close$305,260$68,000$68,000