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$199,517$199,517$304,200
Remaining term (yrs)24.824.830.0
Secondary amount$0$104,683$0
Funding fee$998$998$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.708%7.640%
1st payment$946.18$946.18$2,106.22
2nd payment$0.00$697.89$0.00
Taxes / mo$133.58$133.58$133.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,229.77$1,927.66$2,450.64
Cash to close$138,483$33,800$33,800