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$871,183$871,183$990,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$118,817$0
Funding fee$4,356$4,356$0
Note rate3.100%3.100%7.320%
Blended rate3.100%3.688%7.560%
1st payment$4,131.38$4,131.38$6,800.61
2nd payment$0.00$792.11$0.00
Taxes / mo$916.67$916.67$916.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,264.72$6,056.83$8,131.95
Cash to close$228,817$110,000$110,000