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$356,943$356,943$531,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$174,057$0
Funding fee$1,785$1,785$0
Note rate2.830%2.830%7.400%
Blended rate2.830%4.525%7.640%
1st payment$1,696.66$1,696.66$3,676.54
2nd payment$0.00$1,160.38$0.00
Taxes / mo$291.50$291.50$291.50
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$2,154.83$3,315.21$4,240.90
Cash to close$233,057$59,000$59,000