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$305,861$305,861$315,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$26,639$0
Funding fee$1,529$1,529$0
Note rate6.670%6.670%7.400%
Blended rate6.670%7.087%7.640%
1st payment$1,990.98$1,990.98$2,181.00
2nd payment$0.00$263.61$0.00
Taxes / mo$314.78$314.78$314.78
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$2,455.76$2,719.37$2,708.78
Cash to close$44,139$17,500$35,000