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$212,777$212,777$369,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$156,223$0
Funding fee$1,064$1,064$0
Note rate2.900%2.900%7.320%
Blended rate2.900%5.059%7.560%
1st payment$1,014.24$1,014.24$2,534.77
2nd payment$0.00$1,041.49$0.00
Taxes / mo$82.92$82.92$82.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$265.00$265.00$265.00
Total monthly$1,512.16$2,553.64$3,106.49
Cash to close$197,223$41,000$41,000