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$458,109$458,109$472,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$40,641$0
Funding fee$2,291$2,291$0
Note rate6.710%6.710%7.400%
Blended rate6.710%7.131%7.640%
1st payment$3,068.22$3,068.22$3,271.49
2nd payment$0.00$402.17$0.00
Taxes / mo$270.58$270.58$270.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$10.00$10.00$10.00
Total monthly$3,515.47$3,917.65$3,813.24
Cash to close$66,891$26,250$52,500