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$401,901$401,901$409,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$30,349$0
Funding fee$2,010$2,010$0
Note rate6.460%6.460%7.400%
Blended rate6.460%6.840%7.640%
1st payment$2,587.27$2,587.27$2,835.30
2nd payment$0.00$300.33$0.00
Taxes / mo$187.08$187.08$187.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,941.02$3,241.35$3,270.95
Cash to close$53,099$22,750$45,500