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$1,600,032$1,600,032$1,601,100
Remaining term (yrs)27.127.130.0
Secondary amount$0$90,018$0
Funding fee$8,000$8,000$0
Note rate6.900%6.900%7.400%
Blended rate6.900%7.165%7.640%
1st payment$10,866.90$10,866.90$11,085.69
2nd payment$0.00$890.80$0.00
Taxes / mo$1,482.50$1,482.50$1,482.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$320.22
HOA / mo$0.00$0.00$0.00
Total monthly$12,566.07$13,456.87$13,105.08
Cash to close$178,968$88,950$177,900