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$138,040$138,040$247,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$109,460$0
Funding fee$690$690$0
Note rate2.730%2.730%7.320%
Blended rate2.730%5.061%7.560%
1st payment$662.06$662.06$1,700.15
2nd payment$0.00$729.73$0.00
Taxes / mo$193.75$193.75$193.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,005.81$1,735.55$2,093.40
Cash to close$136,960$27,500$27,500