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$244,785$244,785$256,410
Remaining term (yrs)25.925.930.0
Secondary amount$0$25,870$0
Funding fee$1,224$1,224$0
Note rate5.510%5.510%7.400%
Blended rate5.510%6.118%7.640%
1st payment$1,477.88$1,477.88$1,775.33
2nd payment$0.00$256.00$0.00
Taxes / mo$197.83$197.83$197.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,825.72$2,081.72$2,174.45
Cash to close$40,115$14,245$28,490