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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$246,985$246,985$360,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$113,015$0
Funding fee$1,235$1,235$0
Note rate3.06%3.06%7.18%
Blended rate3.06%4.611%7.42%
1st payment$1,189.57$1,189.57$2,438.77
2nd payment$0.00$753.44$0.00
Taxes / mo$134.33$134.33$134.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$68.25$68.25$68.25
Total monthly$1,542.15$2,295.59$2,863.35
Cash to close$153,015$40,000$40,000