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$115,487$115,487$323,910
Remaining term (yrs)19.519.530.0
Secondary amount$0$208,423$0
Funding fee$577$577$0
Note rate3.710%3.710%7.320%
Blended rate3.710%6.310%7.560%
1st payment$690.12$690.12$2,225.04
2nd payment$0.00$1,346.06$0.00
Taxes / mo$63.92$63.92$63.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$904.04$2,250.10$2,503.74
Cash to close$244,413$35,990$35,990