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$119,514$119,514$184,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$64,986$0
Funding fee$598$598$0
Note rate2.770%2.770%7.240%
Blended rate2.770%4.964%7.480%
1st payment$552.56$552.56$1,257.36
2nd payment$0.00$487.39$0.00
Taxes / mo$84.00$84.00$84.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$36.90
HOA / mo$0.00$0.00$0.00
Total monthly$786.56$1,273.95$1,528.26
Cash to close$85,486$20,500$20,500