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$413,043$413,043$472,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$59,457$0
Funding fee$2,065$2,065$0
Note rate6.500%6.500%7.320%
Blended rate6.500%6.815%7.560%
1st payment$2,625.14$2,625.14$3,245.75
2nd payment$0.00$445.93$0.00
Taxes / mo$159.74$159.74$159.74
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,951.55$3,397.48$3,666.66
Cash to close$111,957$52,500$52,500