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$566,090$566,090$972,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$405,910$0
Funding fee$2,830$2,830$0
Note rate2.810%2.810%7.320%
Blended rate2.810%4.873%7.560%
1st payment$2,691.48$2,691.48$6,676.97
2nd payment$0.00$2,621.50$0.00
Taxes / mo$1,149.50$1,149.50$1,149.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$194.40
HOA / mo$0.00$0.00$0.00
Total monthly$4,057.64$6,679.14$8,237.53
Cash to close$513,910$108,000$108,000