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$545,530$545,530$550,800
Remaining term (yrs)27.927.930.0
Secondary amount$0$35,870$0
Funding fee$2,728$2,728$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.832%7.640%
1st payment$3,525.97$3,525.97$3,813.63
2nd payment$0.00$354.96$0.00
Taxes / mo$285.58$285.58$285.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.16
HOA / mo$16.67$16.67$16.67
Total monthly$3,994.89$4,349.86$4,392.71
Cash to close$66,470$30,600$61,200