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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$219,163$219,163$342,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$122,837$0
Funding fee$1,096$1,096$0
Note rate2.68%2.68%7.18%
Blended rate2.68%4.591%7.42%
1st payment$1,022.51$1,022.51$2,316.83
2nd payment$0.00$818.92$0.00
Taxes / mo$82.17$82.17$82.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,254.68$2,073.59$2,617.39
Cash to close$160,837$38,000$38,000