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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$248,338$248,338$301,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$53,162$0
Funding fee$1,242$1,242$0
Note rate5.7%5.7%7.18%
Blended rate5.7%6.282%7.42%
1st payment$1,532.26$1,532.26$2,042.47
2nd payment$0.00$398.72$0.00
Taxes / mo$120.25$120.25$120.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$68.00$68.00$68.00
Total monthly$1,870.51$2,269.22$2,441.02
Cash to close$86,662$33,500$33,500