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$203,469$203,469$292,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$89,031$0
Funding fee$1,017$1,017$0
Note rate3.230%3.230%7.320%
Blended rate3.230%4.986%7.560%
1st payment$1,020.97$1,020.97$2,009.27
2nd payment$0.00$667.73$0.00
Taxes / mo$175.17$175.17$175.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,346.14$2,013.87$2,392.94
Cash to close$121,531$32,500$32,500