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$645,827$645,827$1,156,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$510,673$0
Funding fee$3,229$3,229$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.969%7.640%
1st payment$2,965.39$2,965.39$8,007.37
2nd payment$0.00$3,298.09$0.00
Taxes / mo$1,070.83$1,070.83$1,070.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$231.30
HOA / mo$0.00$0.00$0.00
Total monthly$4,252.89$7,550.98$9,526.17
Cash to close$639,173$128,500$128,500