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$269,856$269,856$526,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$256,644$0
Funding fee$1,349$1,349$0
Note rate6.200%6.200%7.400%
Blended rate6.200%6.956%7.640%
1st payment$1,690.41$1,690.41$3,645.38
2nd payment$0.00$1,657.49$0.00
Taxes / mo$124.42$124.42$124.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,981.50$3,638.99$4,041.76
Cash to close$315,144$58,500$58,500