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$339,514$339,514$607,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$267,986$0
Funding fee$1,698$1,698$0
Note rate3.450%3.450%7.400%
Blended rate3.450%5.347%7.640%
1st payment$1,746.86$1,746.86$4,206.21
2nd payment$0.00$1,730.74$0.00
Taxes / mo$339.00$339.00$339.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$240.67$240.67$240.67
Total monthly$2,493.20$4,223.94$5,074.04
Cash to close$335,486$67,500$67,500