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$247,360$247,360$306,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$58,640$0
Funding fee$1,237$1,237$0
Note rate6.090%6.090%7.320%
Blended rate6.090%6.648%7.560%
1st payment$1,532.19$1,532.19$2,102.01
2nd payment$0.00$439.80$0.00
Taxes / mo$199.50$199.50$199.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,881.69$2,321.49$2,512.71
Cash to close$92,640$34,000$34,000