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$488,796$488,796$494,999
Remaining term (yrs)27.627.630.0
Secondary amount$0$33,703$0
Funding fee$2,444$2,444$0
Note rate7.100%7.100%7.400%
Blended rate7.100%7.408%7.640%
1st payment$3,363.76$3,363.76$3,427.27
2nd payment$0.00$333.52$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$300.00$300.00$300.00
Total monthly$4,288.75$4,622.27$4,451.27
Cash to close$61,203$27,500$55,000