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$831,224$831,224$1,080,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$248,776$0
Funding fee$4,156$4,156$0
Note rate6.210%6.210%7.400%
Blended rate6.210%6.565%7.640%
1st payment$5,131.26$5,131.26$7,477.70
2nd payment$0.00$1,606.68$0.00
Taxes / mo$1,000.00$1,000.00$1,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$216.00
HOA / mo$137.33$137.33$137.33
Total monthly$6,485.26$8,091.94$9,047.70
Cash to close$368,776$120,000$120,000