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$293,079$293,079$481,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$188,421$0
Funding fee$1,465$1,465$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.871%7.640%
1st payment$1,362.36$1,362.36$3,333.81
2nd payment$0.00$1,256.14$0.00
Taxes / mo$306.75$306.75$306.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,835.78$3,091.92$3,903.53
Cash to close$241,921$53,500$53,500