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$589,603$589,603$625,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$35,897$0
Funding fee$2,948$2,948$0
Note rate6.720%6.720%7.400%
Blended rate6.720%6.851%7.640%
1st payment$3,879.57$3,879.57$4,330.84
2nd payment$0.00$269.22$0.00
Taxes / mo$235.75$235.75$235.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.10
HOA / mo$74.00$74.00$74.00
Total monthly$4,355.98$4,625.21$4,932.35
Cash to close$105,397$69,500$69,500