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$225,713$225,713$422,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$197,197$0
Funding fee$1,129$1,129$0
Note rate3.470%3.470%7.400%
Blended rate3.470%5.582%7.640%
1st payment$1,169.03$1,169.03$2,928.14
2nd payment$0.00$1,314.65$0.00
Taxes / mo$140.42$140.42$140.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,476.11$2,790.76$3,319.81
Cash to close$244,187$46,990$46,990