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$80,030$80,030$301,500
Remaining term (yrs)13.413.430.0
Secondary amount$0$221,470$0
Funding fee$400$400$0
Note rate4.930%4.930%7.320%
Blended rate4.930%7.001%7.560%
1st payment$674.56$674.56$2,071.10
2nd payment$0.00$1,430.33$0.00
Taxes / mo$96.38$96.38$96.38
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$920.94$2,351.27$2,377.78
Cash to close$254,970$33,500$33,500