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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$217,674$217,674$394,200
Remaining term (yrs)23.623.630.0
Secondary amount$0$176,526$0
Funding fee$1,088$1,088$0
Note rate3.26%3.26%7.18%
Blended rate3.26%5.383%7.42%
1st payment$1,098.21$1,098.21$2,670.45
2nd payment$0.00$1,176.84$0.00
Taxes / mo$216.75$216.75$216.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.84
HOA / mo$38.00$38.00$38.00
Total monthly$1,502.96$2,679.80$3,154.04
Cash to close$220,326$43,800$43,800