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$248,344$248,344$531,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$282,656$0
Funding fee$1,242$1,242$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.468%7.640%
1st payment$1,160.95$1,160.95$3,676.54
2nd payment$0.00$1,825.49$0.00
Taxes / mo$316.83$316.83$316.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,644.45$3,469.94$4,266.24
Cash to close$341,656$59,000$59,000