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$215,272$215,272$283,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$68,228$0
Funding fee$1,076$1,076$0
Note rate3.750%3.750%7.400%
Blended rate3.750%5.013%7.640%
1st payment$1,093.69$1,093.69$1,962.90
2nd payment$0.00$511.71$0.00
Taxes / mo$262.50$262.50$262.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$455.00$455.00$455.00
Total monthly$1,961.19$2,472.90$2,887.10
Cash to close$99,728$31,500$31,500