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$370,926$370,926$387,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$37,574$0
Funding fee$1,855$1,855$0
Note rate6.350%6.350%7.400%
Blended rate6.350%6.858%7.640%
1st payment$2,364.18$2,364.18$2,679.51
2nd payment$0.00$371.82$0.00
Taxes / mo$1,000.17$1,000.17$1,000.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,514.35$3,886.18$3,907.08
Cash to close$59,074$21,500$43,000