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$319,970$319,970$495,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$175,030$0
Funding fee$1,600$1,600$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.321%7.640%
1st payment$2,214.33$2,214.33$3,427.28
2nd payment$0.00$1,166.87$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$300.00$300.00$300.00
Total monthly$3,139.33$4,306.20$4,451.28
Cash to close$230,030$55,000$55,000