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$230,453$230,453$1,332,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$1,101,547$0
Funding fee$1,152$1,152$0
Note rate2.890%2.890%7.400%
Blended rate2.890%6.909%7.640%
1st payment$1,105.13$1,105.13$9,222.50
2nd payment$0.00$7,114.15$0.00
Taxes / mo$737.58$737.58$737.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$266.40
HOA / mo$100.00$100.00$100.00
Total monthly$2,159.38$9,273.54$10,543.15
Cash to close$1,249,547$148,000$148,000