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$707,622$707,622$1,125,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$417,378$0
Funding fee$3,538$3,538$0
Note rate6.200%6.200%7.400%
Blended rate6.200%6.775%7.640%
1st payment$4,531.66$4,531.66$7,789.27
2nd payment$0.00$2,695.56$0.00
Taxes / mo$1,226.17$1,226.17$1,226.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$85.00$85.00$85.00
Total monthly$6,059.49$8,755.06$9,542.11
Cash to close$542,378$125,000$125,000