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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$380,916$380,916$486,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$105,084$0
Funding fee$1,905$1,905$0
Note rate2.83%2.83%7.18%
Blended rate2.83%3.948%7.42%
1st payment$1,814.96$1,814.96$3,292.33
2nd payment$0.00$700.56$0.00
Taxes / mo$206.58$206.58$206.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$108.00$108.00$108.00
Total monthly$2,296.21$2,996.77$3,870.78
Cash to close$159,084$54,000$54,000