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$115,979$115,979$467,910
Remaining term (yrs)16.016.030.0
Secondary amount$0$351,931$0
Funding fee$580$580$0
Note rate3.390%3.390%7.400%
Blended rate3.390%6.669%7.640%
1st payment$777.36$777.36$3,239.71
2nd payment$0.00$2,272.89$0.00
Taxes / mo$134.42$134.42$134.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.58
HOA / mo$17.42$17.42$17.42
Total monthly$1,095.87$3,368.75$3,651.80
Cash to close$403,921$51,990$51,990