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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$281,024$281,024$332,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$51,076$0
Funding fee$1,405$1,405$0
Note rate6.85%6.85%7.18%
Blended rate6.85%7.181%7.42%
1st payment$1,882.19$1,882.19$2,249.76
2nd payment$0.00$383.07$0.00
Taxes / mo$102.67$102.67$102.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.42
HOA / mo$85.00$85.00$85.00
Total monthly$2,219.85$2,602.92$2,653.85
Cash to close$87,976$36,900$36,900