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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$140,265$140,265$377,799
Remaining term (yrs)23.223.230.0
Secondary amount$0$237,534$0
Funding fee$701$701$0
Note rate3.7%3.7%7.18%
Blended rate3.7%6.246%7.42%
1st payment$748.65$748.65$2,559.34
2nd payment$0.00$1,534.07$0.00
Taxes / mo$144.42$144.42$144.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.56
HOA / mo$56.00$56.00$56.00
Total monthly$1,099.07$2,633.14$2,985.32
Cash to close$279,512$41,978$41,978