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$74,262$74,262$351,000
Remaining term (yrs)7.17.130.0
Secondary amount$0$276,738$0
Funding fee$371$371$0
Note rate4.260%4.260%7.400%
Blended rate4.260%7.012%7.640%
1st payment$993.68$993.68$2,430.25
2nd payment$0.00$1,787.27$0.00
Taxes / mo$237.50$237.50$237.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,381.18$3,168.44$2,887.95
Cash to close$315,738$39,000$39,000