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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$345,781$345,781$359,550
Remaining term (yrs)25.125.130.0
Secondary amount$0$33,744$0
Funding fee$1,729$1,729$0
Note rate2.6%2.6%7.18%
Blended rate2.6%3.425%7.42%
1st payment$1,561.32$1,561.32$2,435.72
2nd payment$0.00$333.93$0.00
Taxes / mo$102.42$102.42$102.42
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$71.91
HOA / mo$88.00$88.00$88.00
Total monthly$1,751.74$2,085.67$2,698.04
Cash to close$53,719$19,975$39,950