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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$258,462$258,462$270,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$26,538$0
Funding fee$1,292$1,292$0
Note rate2.9%2.9%7.18%
Blended rate2.9%3.736%7.42%
1st payment$1,217.80$1,217.80$1,829.07
2nd payment$0.00$262.62$0.00
Taxes / mo$111.92$111.92$111.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$67.00$67.00$67.00
Total monthly$1,546.71$1,809.33$2,211.99
Cash to close$41,538$15,000$30,000