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$502,138$502,138$1,039,050
Remaining term (yrs)28.928.930.0
Secondary amount$0$536,912$0
Funding fee$2,511$2,511$0
Note rate6.560%6.560%7.400%
Blended rate6.560%7.175%7.640%
1st payment$3,226.28$3,226.28$7,194.17
2nd payment$0.00$3,467.56$0.00
Taxes / mo$299.67$299.67$299.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$207.81
HOA / mo$199.00$199.00$199.00
Total monthly$3,941.62$7,409.18$8,117.32
Cash to close$652,362$115,450$115,450