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$221,950$221,950$332,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$110,150$0
Funding fee$1,110$1,110$0
Note rate2.810%2.810%7.320%
Blended rate2.810%4.531%7.560%
1st payment$1,052.73$1,052.73$2,281.30
2nd payment$0.00$734.33$0.00
Taxes / mo$5.67$5.67$5.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.42
HOA / mo$400.00$400.00$400.00
Total monthly$1,608.40$2,342.73$2,903.38
Cash to close$147,050$36,900$36,900