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$215,279$215,279$332,100
Remaining term (yrs)23.223.230.0
Secondary amount$0$116,821$0
Funding fee$1,076$1,076$0
Note rate3.690%3.690%7.320%
Blended rate3.690%5.206%7.560%
1st payment$1,147.88$1,147.88$2,281.30
2nd payment$0.00$778.81$0.00
Taxes / mo$245.75$245.75$245.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,543.63$2,322.43$2,743.47
Cash to close$153,721$36,900$36,900