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$301,006$301,006$315,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$31,494$0
Funding fee$1,505$1,505$0
Note rate5.810%5.810%7.400%
Blended rate5.810%6.384%7.640%
1st payment$1,874.81$1,874.81$2,181.00
2nd payment$0.00$311.66$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$33.00$33.00$33.00
Total monthly$2,349.47$2,661.14$2,718.66
Cash to close$48,994$17,500$35,000