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$230,150$230,150$283,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$53,350$0
Funding fee$1,151$1,151$0
Note rate6.730%6.730%7.320%
Blended rate6.730%7.157%7.560%
1st payment$1,549.56$1,549.56$1,947.45
2nd payment$0.00$400.13$0.00
Taxes / mo$93.92$93.92$93.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$225.00$225.00$225.00
Total monthly$2,018.48$2,418.60$2,473.06
Cash to close$84,850$31,500$31,500