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$213,481$213,481$233,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$33,424$0
Funding fee$1,067$1,067$0
Note rate2.970%2.970%7.400%
Blended rate2.970%4.175%7.640%
1st payment$1,020.57$1,020.57$1,619.55
2nd payment$0.00$330.76$0.00
Taxes / mo$119.33$119.33$119.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,289.90$1,620.66$1,935.66
Cash to close$46,419$12,995$25,990