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$234,060$234,060$251,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$30,990$0
Funding fee$1,170$1,170$0
Note rate6.670%6.670%7.400%
Blended rate6.670%7.279%7.640%
1st payment$1,561.62$1,561.62$1,738.57
2nd payment$0.00$306.67$0.00
Taxes / mo$160.14$160.14$160.14
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,871.76$2,178.42$2,098.92
Cash to close$44,940$13,950$27,900