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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$210,621$210,621$335,880
Remaining term (yrs)23.623.630.0
Secondary amount$0$125,259$0
Funding fee$1,053$1,053$0
Note rate3.23%3.23%7.18%
Blended rate3.23%5.009%7.42%
1st payment$1,061.80$1,061.80$2,275.37
2nd payment$0.00$835.06$0.00
Taxes / mo$221.08$221.08$221.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.18
HOA / mo$80.00$80.00$80.00
Total monthly$1,512.88$2,347.95$2,793.63
Cash to close$162,579$37,320$37,320