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$291,086$291,086$459,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$167,914$0
Funding fee$1,455$1,455$0
Note rate5.520%5.520%7.320%
Blended rate5.520%6.427%7.560%
1st payment$1,761.72$1,761.72$3,153.01
2nd payment$0.00$1,119.43$0.00
Taxes / mo$404.98$404.98$404.98
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,333.37$3,452.80$3,816.46
Cash to close$218,914$51,000$51,000