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$379,947$379,947$405,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$25,053$0
Funding fee$1,900$1,900$0
Note rate6.770%6.770%7.400%
Blended rate6.770%6.908%7.640%
1st payment$2,543.04$2,543.04$2,804.14
2nd payment$0.00$187.90$0.00
Taxes / mo$36.75$36.75$36.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$13.75$13.75$13.75
Total monthly$2,743.54$2,931.44$3,085.64
Cash to close$70,053$45,000$45,000