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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$151,215$151,215$337,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$186,285$0
Funding fee$756$756$0
Note rate2.81%2.81%7.18%
Blended rate2.81%5.675%7.42%
1st payment$712.12$712.12$2,286.34
2nd payment$0.00$1,241.90$0.00
Taxes / mo$114.92$114.92$114.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$977.04$2,218.93$2,618.76
Cash to close$223,785$37,500$37,500