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$245,311$245,311$265,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$34,939$0
Funding fee$1,227$1,227$0
Note rate6.900%6.900%7.400%
Blended rate6.900%7.520%7.640%
1st payment$1,671.33$1,671.33$1,838.27
2nd payment$0.00$345.75$0.00
Taxes / mo$103.42$103.42$103.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$25.00$25.00$25.00
Total monthly$1,949.75$2,295.49$2,169.79
Cash to close$49,689$14,750$29,500