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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$258,016$258,016$468,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$209,984$0
Funding fee$1,290$1,290$0
Note rate2.79%2.79%7.18%
Blended rate2.79%5.015%7.42%
1st payment$1,215.32$1,215.32$3,170.40
2nd payment$0.00$1,356.15$0.00
Taxes / mo$200.42$200.42$200.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$50.00$50.00$50.00
Total monthly$1,632.41$2,988.55$3,681.08
Cash to close$261,984$52,000$52,000