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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$219,353$219,353$539,100
Remaining term (yrs)18.818.830.0
Secondary amount$0$319,747$0
Funding fee$1,097$1,097$0
Note rate4.08%4.08%7.18%
Blended rate4.08%6.257%7.42%
1st payment$1,388.27$1,388.27$3,652.05
2nd payment$0.00$2,065.03$0.00
Taxes / mo$243.50$243.50$243.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,798.44$3,863.47$4,170.04
Cash to close$379,647$59,900$59,900