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$587,078$587,078$986,400
Remaining term (yrs)24.324.330.0
Secondary amount$0$399,322$0
Funding fee$2,935$2,935$0
Note rate2.710%2.710%7.320%
Blended rate2.710%4.750%7.560%
1st payment$2,741.35$2,741.35$6,775.88
2nd payment$0.00$2,578.96$0.00
Taxes / mo$874.75$874.75$874.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$197.28
HOA / mo$0.00$0.00$0.00
Total monthly$3,832.76$6,411.72$8,064.58
Cash to close$508,922$109,600$109,600