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$260,921$260,921$423,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$162,079$0
Funding fee$1,305$1,305$0
Note rate7.040%7.040%7.320%
Blended rate7.040%7.408%7.560%
1st payment$1,770.18$1,770.18$2,905.72
2nd payment$0.00$1,080.53$0.00
Taxes / mo$240.58$240.58$240.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$28.00$28.00$28.00
Total monthly$2,205.43$3,285.95$3,425.57
Cash to close$209,079$47,000$47,000