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$264,729$264,729$697,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$432,771$0
Funding fee$1,324$1,324$0
Note rate3.020%3.020%7.400%
Blended rate3.020%5.955%7.640%
1st payment$1,293.31$1,293.31$4,829.35
2nd payment$0.00$2,794.98$0.00
Taxes / mo$295.17$295.17$295.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$65.00$65.00$65.00
Total monthly$1,870.15$4,665.13$5,545.68
Cash to close$510,271$77,500$77,500