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$408,149$408,149$416,250
Remaining term (yrs)28.228.230.0
Secondary amount$0$31,226$0
Funding fee$2,041$2,041$0
Note rate6.780%6.780%7.400%
Blended rate6.780%7.142%7.640%
1st payment$2,704.26$2,704.26$2,882.03
2nd payment$0.00$309.00$0.00
Taxes / mo$105.33$105.33$105.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.25
HOA / mo$0.00$0.00$0.00
Total monthly$2,976.26$3,285.26$3,237.28
Cash to close$54,351$23,125$46,250