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$286,514$286,514$315,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$28,486$0
Funding fee$1,433$1,433$0
Note rate5.300%5.300%7.400%
Blended rate5.300%5.635%7.640%
1st payment$1,693.68$1,693.68$2,181.00
2nd payment$0.00$213.65$0.00
Taxes / mo$154.58$154.58$154.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,998.26$2,211.91$2,548.58
Cash to close$63,486$35,000$35,000