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$497,488$497,488$1,079,955
Remaining term (yrs)28.028.030.0
Secondary amount$0$582,467$0
Funding fee$2,487$2,487$0
Note rate6.720%6.720%7.400%
Blended rate6.720%7.276%7.640%
1st payment$3,283.16$3,283.16$7,477.39
2nd payment$0.00$3,761.77$0.00
Taxes / mo$1,888.67$1,888.67$1,888.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.99
HOA / mo$20.83$20.83$20.83
Total monthly$5,409.32$9,171.09$9,819.54
Cash to close$702,462$119,995$119,995