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$248,705$248,705$328,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$79,795$0
Funding fee$1,244$1,244$0
Note rate6.110%6.110%7.400%
Blended rate6.110%6.812%7.640%
1st payment$1,588.79$1,588.79$2,274.47
2nd payment$0.00$598.46$0.00
Taxes / mo$128.42$128.42$128.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,867.21$2,465.67$2,618.58
Cash to close$116,295$36,500$36,500