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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$260,303$260,303$472,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$212,197$0
Funding fee$1,302$1,302$0
Note rate2.98%2.98%7.18%
Blended rate2.98%5.122%7.42%
1st payment$1,269.34$1,269.34$3,200.88
2nd payment$0.00$1,370.44$0.00
Taxes / mo$140.00$140.00$140.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$86.00$86.00$86.00
Total monthly$1,662.00$3,032.45$3,688.05
Cash to close$264,697$52,500$52,500