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$196,551$196,551$274,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$77,949$0
Funding fee$983$983$0
Note rate3.290%3.290%7.400%
Blended rate3.290%4.911%7.640%
1st payment$990.15$990.15$1,900.58
2nd payment$0.00$584.62$0.00
Taxes / mo$254.17$254.17$254.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.90
HOA / mo$13.33$13.33$13.33
Total monthly$1,407.65$1,992.27$2,372.98
Cash to close$108,449$30,500$30,500