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$413,331$413,331$647,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$233,769$0
Funding fee$2,067$2,067$0
Note rate5.300%5.300%7.400%
Blended rate5.300%6.185%7.640%
1st payment$2,443.34$2,443.34$4,480.39
2nd payment$0.00$1,509.76$0.00
Taxes / mo$2.25$2.25$2.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$129.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,662.26$4,172.01$4,828.73
Cash to close$305,669$71,900$71,900