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$203,607$203,607$252,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$48,393$0
Funding fee$1,018$1,018$0
Note rate3.68%3.68%7.18%
Blended rate3.68%4.702%7.42%
1st payment$1,084.55$1,084.55$1,707.14
2nd payment$0.00$362.94$0.00
Taxes / mo$161.67$161.67$161.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$287.00$287.00$287.00
Total monthly$1,683.22$2,046.17$2,356.20
Cash to close$76,393$28,000$28,000