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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$292,116$292,116$535,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$243,384$0
Funding fee$1,461$1,461$0
Note rate2.67%2.67%7.18%
Blended rate2.67%4.979%7.42%
1st payment$1,361.39$1,361.39$3,627.66
2nd payment$0.00$1,571.86$0.00
Taxes / mo$308.50$308.50$308.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.10
HOA / mo$113.00$113.00$113.00
Total monthly$1,949.56$3,521.42$4,322.93
Cash to close$302,884$59,500$59,500