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$276,134$276,134$292,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$32,616$0
Funding fee$1,381$1,381$0
Note rate5.250%5.250%7.400%
Blended rate5.250%5.950%7.640%
1st payment$1,629.00$1,629.00$2,025.21
2nd payment$0.00$322.76$0.00
Taxes / mo$285.92$285.92$285.92
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$2,064.92$2,387.68$2,519.63
Cash to close$48,866$16,250$32,500