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$716,317$716,317$706,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$29,433$0
Funding fee$3,582$3,582$0
Note rate6.870%6.870%7.400%
Blended rate6.870%7.068%7.640%
1st payment$4,811.72$4,811.72$4,891.66
2nd payment$0.00$291.27$0.00
Taxes / mo$499.33$499.33$499.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$141.30
HOA / mo$0.00$0.00$0.00
Total monthly$5,527.72$5,818.99$5,748.96
Cash to close$68,683$39,250$78,500