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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$240,442$240,442$567,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$326,558$0
Funding fee$1,202$1,202$0
Note rate3.47%3.47%7.18%
Blended rate3.47%5.935%7.42%
1st payment$1,248.17$1,248.17$3,841.06
2nd payment$0.00$2,109.02$0.00
Taxes / mo$270.25$270.25$270.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.40
HOA / mo$146.00$146.00$146.00
Total monthly$1,831.08$3,940.11$4,537.37
Cash to close$389,558$63,000$63,000