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$268,542$268,542$305,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$37,368$0
Funding fee$1,343$1,343$0
Note rate3.600%3.600%7.400%
Blended rate3.600%4.260%7.640%
1st payment$1,432.13$1,432.13$2,118.06
2nd payment$0.00$280.26$0.00
Taxes / mo$119.73$119.73$119.73
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,701.86$1,982.12$2,448.97
Cash to close$71,358$33,990$33,990