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$409,638$409,638$616,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$206,862$0
Funding fee$2,048$2,048$0
Note rate6.770%6.770%7.400%
Blended rate6.770%7.099%7.640%
1st payment$2,738.90$2,738.90$4,268.52
2nd payment$0.00$1,335.98$0.00
Taxes / mo$166.92$166.92$166.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,072.48$4,408.47$4,725.40
Cash to close$275,362$68,500$68,500