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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$273,507$273,507$427,410
Remaining term (yrs)25.425.430.0
Secondary amount$0$153,903$0
Funding fee$1,368$1,368$0
Note rate3.76%3.76%7.18%
Blended rate3.76%5.287%7.42%
1st payment$1,391.05$1,391.05$2,895.42
2nd payment$0.00$1,026.02$0.00
Taxes / mo$205.50$205.50$205.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,763.22$2,789.24$3,353.07
Cash to close$201,393$47,490$47,490