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$231,439$231,439$495,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$263,561$0
Funding fee$1,157$1,157$0
Note rate2.980%2.980%7.400%
Blended rate2.980%5.520%7.640%
1st payment$1,097.57$1,097.57$3,427.28
2nd payment$0.00$1,702.16$0.00
Taxes / mo$102.50$102.50$102.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,366.74$3,068.90$3,795.45
Cash to close$318,561$55,000$55,000