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$516,975$516,975$539,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$52,075$0
Funding fee$2,585$2,585$0
Note rate6.760%6.760%7.400%
Blended rate6.760%7.228%7.640%
1st payment$3,408.63$3,408.63$3,732.62
2nd payment$0.00$515.32$0.00
Taxes / mo$213.00$213.00$213.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,788.30$4,303.62$4,220.11
Cash to close$82,025$29,950$59,900