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$473,112$473,112$504,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$30,888$0
Funding fee$2,366$2,366$0
Note rate2.980%2.980%7.400%
Blended rate2.980%3.349%7.640%
1st payment$2,243.68$2,243.68$3,489.59
2nd payment$0.00$231.66$0.00
Taxes / mo$556.42$556.42$556.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,966.76$3,198.42$4,313.48
Cash to close$86,888$56,000$56,000