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$57,168$57,168$359,999
Remaining term (yrs)9.59.530.0
Secondary amount$0$302,831$0
Funding fee$286$286$0
Note rate2.240%2.240%7.400%
Blended rate2.240%6.875%7.640%
1st payment$548.57$548.57$2,492.56
2nd payment$0.00$1,955.78$0.00
Taxes / mo$493.25$493.25$493.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,191.82$3,147.60$3,207.81
Cash to close$342,831$40,000$40,000