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$23,818$23,818$373,500
Remaining term (yrs)2.42.430.0
Secondary amount$0$349,682$0
Funding fee$119$119$0
Note rate6.750%6.750%7.400%
Blended rate6.750%7.686%7.640%
1st payment$865.04$865.04$2,586.04
2nd payment$0.00$2,258.36$0.00
Taxes / mo$523.42$523.42$523.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,538.45$3,796.81$3,334.16
Cash to close$391,182$41,500$41,500