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$43,400$43,400$148,500
Remaining term (yrs)11.111.130.0
Secondary amount$0$105,100$0
Funding fee$217$217$0
Note rate2.800%2.800%7.400%
Blended rate2.800%6.480%7.640%
1st payment$375.14$375.14$1,028.18
2nd payment$0.00$700.67$0.00
Taxes / mo$31.92$31.92$31.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$557.06$1,257.72$1,239.80
Cash to close$121,600$16,500$16,500