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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$239,060$239,060$341,550
Remaining term (yrs)24.724.730.0
Secondary amount$0$102,490$0
Funding fee$1,195$1,195$0
Note rate3.02%3.02%7.18%
Blended rate3.02%4.514%7.42%
1st payment$1,141.25$1,141.25$2,313.78
2nd payment$0.00$683.27$0.00
Taxes / mo$99.50$99.50$99.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.31
HOA / mo$0.00$0.00$0.00
Total monthly$1,390.75$2,074.02$2,631.59
Cash to close$140,440$37,950$37,950