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$148,022$148,022$180,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$31,978$0
Funding fee$740$740$0
Note rate4.000%4.000%7.320%
Blended rate4.000%4.888%7.560%
1st payment$763.86$763.86$1,236.48
2nd payment$0.00$239.84$0.00
Taxes / mo$101.83$101.83$101.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,015.70$1,255.54$1,524.31
Cash to close$51,978$20,000$20,000