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$304,413$304,413$314,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$27,137$0
Funding fee$1,522$1,522$0
Note rate2.870%2.870%7.240%
Blended rate2.870%3.607%7.480%
1st payment$1,423.06$1,423.06$2,140.59
2nd payment$0.00$268.55$0.00
Taxes / mo$238.25$238.25$238.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.82
HOA / mo$75.00$75.00$75.00
Total monthly$1,886.31$2,154.86$2,666.66
Cash to close$44,587$17,450$34,900