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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$309,164$309,164$342,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$32,836$0
Funding fee$1,546$1,546$0
Note rate2.25%2.25%7.18%
Blended rate2.25%2.898%7.42%
1st payment$1,338.41$1,338.41$2,316.83
2nd payment$0.00$246.27$0.00
Taxes / mo$171.08$171.08$171.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$165.00$165.00$165.00
Total monthly$1,824.50$2,070.77$2,871.31
Cash to close$70,836$38,000$38,000