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$506,011$506,011$559,800
Remaining term (yrs)25.625.630.0
Secondary amount$0$53,789$0
Funding fee$2,530$2,530$0
Note rate5.000%5.000%7.400%
Blended rate5.000%5.384%7.640%
1st payment$2,914.94$2,914.94$3,875.94
2nd payment$0.00$403.42$0.00
Taxes / mo$414.50$414.50$414.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.96
HOA / mo$75.00$75.00$75.00
Total monthly$3,571.11$3,974.52$4,644.07
Cash to close$115,989$62,200$62,200