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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$118,628$118,628$404,549
Remaining term (yrs)27.027.030.0
Secondary amount$0$285,921$0
Funding fee$593$593$0
Note rate3%3%7.18%
Blended rate3%6.357%7.42%
1st payment$533.59$533.59$2,740.56
2nd payment$0.00$1,846.57$0.00
Taxes / mo$231.75$231.75$231.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.91
HOA / mo$97.00$97.00$97.00
Total monthly$1,012.34$2,858.91$3,300.22
Cash to close$330,871$44,950$44,950