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$123,885$123,885$179,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$55,215$0
Funding fee$619$619$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.691%7.640%
1st payment$583.66$583.66$1,240.05
2nd payment$0.00$414.11$0.00
Taxes / mo$130.89$130.89$130.89
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$35.82
HOA / mo$0.00$0.00$0.00
Total monthly$864.56$1,278.66$1,556.76
Cash to close$75,115$19,900$19,900