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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$228,059$228,059$494,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$266,851$0
Funding fee$1,140$1,140$0
Note rate2.81%2.81%7.18%
Blended rate2.81%5.474%7.42%
1st payment$1,074.00$1,074.00$3,352.69
2nd payment$0.00$1,723.41$0.00
Taxes / mo$242.17$242.17$242.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,482.84$3,206.25$3,860.51
Cash to close$321,841$54,990$54,990