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$248,102$248,102$294,300
Remaining term (yrs)26.126.130.0
Secondary amount$0$46,198$0
Funding fee$1,241$1,241$0
Note rate6.940%6.940%7.400%
Blended rate6.940%7.263%7.640%
1st payment$1,713.45$1,713.45$2,037.67
2nd payment$0.00$346.49$0.00
Taxes / mo$272.50$272.50$272.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.86
HOA / mo$33.33$33.33$33.33
Total monthly$2,169.28$2,515.77$2,552.36
Cash to close$78,898$32,700$32,700