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$227,575$227,575$742,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$514,925$0
Funding fee$1,138$1,138$0
Note rate2.780%2.780%7.400%
Blended rate2.780%6.227%7.640%
1st payment$1,073.34$1,073.34$5,140.92
2nd payment$0.00$3,325.56$0.00
Taxes / mo$305.25$305.25$305.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,595.25$4,920.81$5,811.34
Cash to close$597,425$82,500$82,500