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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$213,195$213,195$390,150
Remaining term (yrs)23.023.030.0
Secondary amount$0$176,955$0
Funding fee$1,066$1,066$0
Note rate3.61%3.61%7.18%
Blended rate3.61%5.601%7.42%
1st payment$1,135.46$1,135.46$2,643.01
2nd payment$0.00$1,179.70$0.00
Taxes / mo$110.50$110.50$110.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.03
HOA / mo$0.00$0.00$0.00
Total monthly$1,395.96$2,575.66$2,981.54
Cash to close$220,305$43,350$43,350