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$207,917$207,917$350,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$142,993$0
Funding fee$1,040$1,040$0
Note rate3.640%3.640%7.400%
Blended rate3.640%5.417%7.640%
1st payment$1,098.10$1,098.10$2,429.63
2nd payment$0.00$953.29$0.00
Taxes / mo$171.25$171.25$171.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.18
HOA / mo$9.75$9.75$9.75
Total monthly$1,429.10$2,382.39$2,830.81
Cash to close$181,983$38,990$38,990