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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$218,073$218,073$288,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$69,927$0
Funding fee$1,090$1,090$0
Note rate2.68%2.68%7.18%
Blended rate2.68%4.215%7.42%
1st payment$1,017.43$1,017.43$1,951.01
2nd payment$0.00$524.45$0.00
Taxes / mo$117.50$117.50$117.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$385.00$385.00$385.00
Total monthly$1,669.93$2,194.38$2,661.11
Cash to close$101,927$32,000$32,000