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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$162,165$162,165$517,500
Remaining term (yrs)16.416.430.0
Secondary amount$0$355,335$0
Funding fee$811$811$0
Note rate3.53%3.53%7.18%
Blended rate3.53%6.428%7.42%
1st payment$1,081.73$1,081.73$3,505.73
2nd payment$0.00$2,294.87$0.00
Taxes / mo$227.00$227.00$227.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$15.08$15.08$15.08
Total monthly$1,490.48$3,785.35$4,017.97
Cash to close$412,835$57,500$57,500