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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$178,959$178,959$483,921
Remaining term (yrs)28.028.030.0
Secondary amount$0$304,962$0
Funding fee$895$895$0
Note rate6.5%6.5%7.18%
Blended rate6.5%7.288%7.42%
1st payment$1,156.68$1,156.68$3,278.25
2nd payment$0.00$1,969.54$0.00
Taxes / mo$17.17$17.17$17.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.78
HOA / mo$110.00$110.00$110.00
Total monthly$1,450.52$3,420.06$3,668.87
Cash to close$358,731$53,769$53,769