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$265,452$265,452$292,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$27,048$0
Funding fee$1,327$1,327$0
Note rate6.720%6.720%7.400%
Blended rate6.720%6.931%7.640%
1st payment$1,736.65$1,736.65$2,025.21
2nd payment$0.00$202.86$0.00
Taxes / mo$205.86$205.86$205.86
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,092.51$2,295.36$2,439.57
Cash to close$59,548$32,500$32,500