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$645,125$645,125$1,165,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$520,375$0
Funding fee$3,226$3,226$0
Note rate6.420%6.420%7.320%
Blended rate6.420%7.014%7.560%
1st payment$4,231.01$4,231.01$8,006.18
2nd payment$0.00$3,360.75$0.00
Taxes / mo$229.42$229.42$229.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$233.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,677.09$8,037.85$8,685.36
Cash to close$649,875$129,500$129,500