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$42,416$42,416$256,410
Remaining term (yrs)3.63.630.0
Secondary amount$0$213,994$0
Funding fee$212$212$0
Note rate3.100%3.100%7.400%
Blended rate3.100%6.981%7.640%
1st payment$999.64$999.64$1,775.33
2nd payment$0.00$1,382.05$0.00
Taxes / mo$237.42$237.42$237.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.28
HOA / mo$430.00$430.00$430.00
Total monthly$1,817.06$3,199.10$2,644.03
Cash to close$242,484$28,490$28,490