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$385,441$385,441$414,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$28,559$0
Funding fee$1,927$1,927$0
Note rate2.980%2.980%7.320%
Blended rate2.980%3.395%7.560%
1st payment$1,827.91$1,827.91$2,843.89
2nd payment$0.00$214.19$0.00
Taxes / mo$281.92$281.92$281.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,276.49$2,490.68$3,375.28
Cash to close$74,559$46,000$46,000