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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$291,486$291,486$382,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$91,014$0
Funding fee$1,457$1,457$0
Note rate3.1%3.1%7.18%
Blended rate3.1%4.504%7.42%
1st payment$1,388.31$1,388.31$2,591.19
2nd payment$0.00$682.60$0.00
Taxes / mo$116.83$116.83$116.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$62.00$62.00$62.00
Total monthly$1,717.14$2,399.75$2,996.52
Cash to close$133,514$42,500$42,500