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$349,460$349,460$387,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$37,540$0
Funding fee$1,747$1,747$0
Note rate6.650%6.650%7.320%
Blended rate6.650%6.878%7.560%
1st payment$2,278.98$2,278.98$2,658.42
2nd payment$0.00$281.55$0.00
Taxes / mo$310.58$310.58$310.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,739.56$3,021.11$3,196.40
Cash to close$80,540$43,000$43,000