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$348,433$348,433$387,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$38,567$0
Funding fee$1,742$1,742$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.003%7.640%
1st payment$1,713.59$1,713.59$2,679.51
2nd payment$0.00$289.25$0.00
Taxes / mo$377.42$377.42$377.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$57.00$57.00$57.00
Total monthly$2,298.00$2,587.26$3,341.33
Cash to close$81,567$43,000$43,000