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$292,197$292,197$305,100
Remaining term (yrs)28.628.630.0
Secondary amount$0$29,853$0
Funding fee$1,461$1,461$0
Note rate6.850%6.850%7.400%
Blended rate6.850%7.316%7.640%
1st payment$1,940.22$1,940.22$2,112.45
2nd payment$0.00$295.42$0.00
Taxes / mo$0.33$0.33$0.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.02
HOA / mo$60.00$60.00$60.00
Total monthly$2,150.56$2,445.98$2,383.80
Cash to close$46,803$16,950$33,900