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$198,762$198,762$792,000
Remaining term (yrs)15.815.830.0
Secondary amount$0$593,238$0
Funding fee$994$994$0
Note rate3.800%3.800%7.400%
Blended rate3.800%6.759%7.640%
1st payment$1,388.48$1,388.48$5,483.65
2nd payment$0.00$3,831.33$0.00
Taxes / mo$294.83$294.83$294.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$158.40
HOA / mo$45.00$45.00$45.00
Total monthly$1,944.98$5,776.30$6,198.55
Cash to close$681,238$88,000$88,000