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$292,514$292,514$368,991
Remaining term (yrs)24.924.930.0
Secondary amount$0$76,477$0
Funding fee$1,463$1,463$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.061%7.640%
1st payment$1,352.40$1,352.40$2,554.82
2nd payment$0.00$573.58$0.00
Taxes / mo$322.50$322.50$322.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$80.00$80.00$80.00
Total monthly$1,904.90$2,478.47$3,181.12
Cash to close$117,476$40,999$40,999