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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$78,440$78,440$296,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$218,470$0
Funding fee$392$392$0
Note rate2.87%2.87%7.18%
Blended rate2.87%6.461%7.42%
1st payment$367.53$367.53$2,011.37
2nd payment$0.00$1,410.95$0.00
Taxes / mo$62.42$62.42$62.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$579.94$1,990.90$2,283.17
Cash to close$251,460$32,990$32,990