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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$228,740$228,740$269,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$40,360$0
Funding fee$1,144$1,144$0
Note rate2.25%2.25%7.18%
Blended rate2.25%3.262%7.42%
1st payment$990.25$990.25$1,822.98
2nd payment$0.00$302.70$0.00
Taxes / mo$121.50$121.50$121.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.82
HOA / mo$170.00$170.00$170.00
Total monthly$1,431.75$1,734.45$2,318.30
Cash to close$70,260$29,900$29,900