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$523,187$523,187$522,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$27,813$0
Funding fee$2,616$2,616$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.771%7.640%
1st payment$3,381.56$3,381.56$3,614.22
2nd payment$0.00$275.23$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$4,031.56$4,306.79$4,368.62
Cash to close$56,813$29,000$58,000