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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$148,461$148,461$288,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$139,539$0
Funding fee$742$742$0
Note rate3.02%3.02%7.18%
Blended rate3.02%5.433%7.42%
1st payment$727.02$727.02$1,951.01
2nd payment$0.00$930.26$0.00
Taxes / mo$108.92$108.92$108.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$985.93$1,916.20$2,267.53
Cash to close$171,539$32,000$32,000