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$242,179$242,179$611,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$368,921$0
Funding fee$1,211$1,211$0
Note rate2.680%2.680%7.400%
Blended rate2.680%5.741%7.640%
1st payment$1,111.14$1,111.14$4,231.13
2nd payment$0.00$2,382.62$0.00
Taxes / mo$226.42$226.42$226.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.22
HOA / mo$111.33$111.33$111.33
Total monthly$1,615.56$3,998.17$4,857.77
Cash to close$436,821$67,900$67,900