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$255,341$255,341$341,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$85,759$0
Funding fee$1,277$1,277$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.845%7.640%
1st payment$1,287.84$1,287.84$2,361.71
2nd payment$0.00$643.19$0.00
Taxes / mo$260.50$260.50$260.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,698.34$2,341.53$2,840.43
Cash to close$123,659$37,900$37,900