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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$328,637$328,637$449,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$120,463$0
Funding fee$1,643$1,643$0
Note rate2.66%2.66%7.18%
Blended rate2.66%4.092%7.42%
1st payment$1,529.94$1,529.94$3,042.36
2nd payment$0.00$803.08$0.00
Taxes / mo$219.25$219.25$219.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.82
HOA / mo$50.00$50.00$50.00
Total monthly$1,965.85$2,768.94$3,568.10
Cash to close$170,363$49,900$49,900