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$189,107$189,107$256,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$67,393$0
Funding fee$946$946$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.429%7.640%
1st payment$875.21$875.21$1,775.95
2nd payment$0.00$505.45$0.00
Taxes / mo$220.25$220.25$220.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.30
HOA / mo$412.00$412.00$412.00
Total monthly$1,657.46$2,162.90$2,609.50
Cash to close$95,893$28,500$28,500