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$351,952$351,952$589,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$237,548$0
Funding fee$1,760$1,760$0
Note rate2.200%2.200%7.400%
Blended rate2.200%4.436%7.640%
1st payment$1,813.99$1,813.99$4,081.58
2nd payment$0.00$1,534.17$0.00
Taxes / mo$208.67$208.67$208.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.90
HOA / mo$70.00$70.00$70.00
Total monthly$2,259.33$3,793.49$4,644.81
Cash to close$303,048$65,500$65,500