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$339,884$339,884$360,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$40,116$0
Funding fee$1,699$1,699$0
Note rate5.550%5.550%7.320%
Blended rate5.550%6.218%7.560%
1st payment$2,057.31$2,057.31$2,472.95
2nd payment$0.00$396.98$0.00
Taxes / mo$13.67$13.67$13.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,220.98$2,617.96$2,708.62
Cash to close$60,116$20,000$40,000