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$391,609$391,609$450,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$58,391$0
Funding fee$1,958$1,958$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.216%7.640%
1st payment$2,704.06$2,704.06$3,115.71
2nd payment$0.00$437.94$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$365.00$365.00$365.00
Total monthly$3,652.39$4,090.33$4,154.04
Cash to close$108,391$50,000$50,000