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$282,945$282,945$625,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$342,555$0
Funding fee$1,415$1,415$0
Note rate6.300%6.300%7.320%
Blended rate6.300%7.094%7.560%
1st payment$1,766.61$1,766.61$4,296.75
2nd payment$0.00$2,212.34$0.00
Taxes / mo$222.92$222.92$222.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.10
HOA / mo$6.25$6.25$6.25
Total monthly$2,162.44$4,374.78$4,817.68
Cash to close$412,055$69,500$69,500