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$251,532$251,532$313,200
Remaining term (yrs)29.729.730.0
Secondary amount$0$61,668$0
Funding fee$1,258$1,258$0
Note rate6.370%6.370%7.400%
Blended rate6.370%6.888%7.640%
1st payment$1,571.33$1,571.33$2,168.53
2nd payment$0.00$462.51$0.00
Taxes / mo$290.00$290.00$290.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.64
HOA / mo$0.00$0.00$0.00
Total monthly$2,011.33$2,473.84$2,671.17
Cash to close$96,468$34,800$34,800