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$350,566$350,566$359,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$28,484$0
Funding fee$1,753$1,753$0
Note rate6.600%6.600%7.400%
Blended rate6.600%6.996%7.640%
1st payment$2,331.10$2,331.10$2,486.34
2nd payment$0.00$281.88$0.00
Taxes / mo$125.92$125.92$125.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$105.00$105.00$105.00
Total monthly$2,712.02$2,993.90$2,939.07
Cash to close$48,434$19,950$39,900