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$493,913$493,913$495,000
Remaining term (yrs)28.728.730.0
Secondary amount$0$28,587$0
Funding fee$2,470$2,470$0
Note rate6.890%6.890%7.320%
Blended rate6.890%7.163%7.560%
1st payment$3,289.66$3,289.66$3,400.31
2nd payment$0.00$282.90$0.00
Taxes / mo$221.67$221.67$221.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,677.99$3,960.89$3,887.64
Cash to close$56,087$27,500$55,000