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$254,827$254,827$291,600
Remaining term (yrs)25.325.330.0
Secondary amount$0$36,773$0
Funding fee$1,274$1,274$0
Note rate3.100%3.100%7.320%
Blended rate3.100%3.844%7.560%
1st payment$1,208.46$1,208.46$2,003.09
2nd payment$0.00$275.80$0.00
Taxes / mo$21.08$21.08$21.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.32
HOA / mo$125.00$125.00$125.00
Total monthly$1,504.54$1,780.34$2,357.49
Cash to close$69,173$32,400$32,400