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$345,975$345,975$585,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$239,025$0
Funding fee$1,730$1,730$0
Note rate3.125%3.125%7.400%
Blended rate3.125%5.015%7.640%
1st payment$1,713.07$1,713.07$4,050.42
2nd payment$0.00$1,543.70$0.00
Taxes / mo$221.42$221.42$221.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,101.16$3,644.86$4,555.51
Cash to close$304,025$65,000$65,000