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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$243,837$243,837$373,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$129,663$0
Funding fee$1,219$1,219$0
Note rate2.77%2.77%7.18%
Blended rate2.77%4.586%7.42%
1st payment$1,146.04$1,146.04$2,530.22
2nd payment$0.00$864.42$0.00
Taxes / mo$146.08$146.08$146.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$78.00$78.00$78.00
Total monthly$1,520.13$2,384.55$2,979.00
Cash to close$171,163$41,500$41,500