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$177,970$177,970$332,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$154,940$0
Funding fee$890$890$0
Note rate3.18%3.18%7.18%
Blended rate3.18%5.423%7.42%
1st payment$890.46$890.46$2,255.25
2nd payment$0.00$1,032.93$0.00
Taxes / mo$138.58$138.58$138.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$38.67$38.67$38.67
Total monthly$1,217.71$2,250.65$2,649.08
Cash to close$191,930$36,990$36,990