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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$90,933$90,933$337,500
Remaining term (yrs)10.110.130.0
Secondary amount$0$246,567$0
Funding fee$455$455$0
Note rate6.37%6.37%7.18%
Blended rate6.37%7.378%7.42%
1st payment$1,014.49$1,014.49$2,286.34
2nd payment$0.00$1,592.41$0.00
Taxes / mo$45.00$45.00$45.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,209.49$2,801.90$2,548.84
Cash to close$284,067$37,500$37,500