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$320,787$320,787$472,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$151,713$0
Funding fee$1,604$1,604$0
Note rate6.270%6.270%7.400%
Blended rate6.270%6.825%7.640%
1st payment$2,070.98$2,070.98$3,271.49
2nd payment$0.00$1,011.42$0.00
Taxes / mo$290.50$290.50$290.50
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$2,528.15$3,539.57$3,823.16
Cash to close$204,213$52,500$52,500