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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$230,012$230,012$283,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$53,488$0
Funding fee$1,150$1,150$0
Note rate2.78%2.78%7.18%
Blended rate2.78%3.954%7.42%
1st payment$1,090.07$1,090.07$1,920.53
2nd payment$0.00$401.16$0.00
Taxes / mo$62.25$62.25$62.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,302.32$1,703.48$2,189.48
Cash to close$84,988$31,500$31,500