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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$184,939$184,939$353,700
Remaining term (yrs)24.124.130.0
Secondary amount$0$168,761$0
Funding fee$925$925$0
Note rate2.75%2.75%7.18%
Blended rate2.75%5.255%7.42%
1st payment$873.64$873.64$2,396.09
2nd payment$0.00$1,125.07$0.00
Taxes / mo$128.83$128.83$128.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.74
HOA / mo$88.00$88.00$88.00
Total monthly$1,240.47$2,365.54$2,833.66
Cash to close$208,061$39,300$39,300