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$276,013$276,013$414,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$137,987$0
Funding fee$1,380$1,380$0
Note rate2.875%2.875%7.400%
Blended rate2.875%4.583%7.640%
1st payment$1,273.72$1,273.72$2,866.45
2nd payment$0.00$919.91$0.00
Taxes / mo$296.67$296.67$296.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$40.00$40.00$40.00
Total monthly$1,777.05$2,696.97$3,452.59
Cash to close$183,987$46,000$46,000