Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$110,507$110,507$297,000
Remaining term (yrs)0.50.530.0
Secondary amount$0$186,493$0
Funding fee$553$553$0
Note rate5.770%5.770%7.400%
Blended rate5.770%7.170%7.640%
1st payment$16,091.85$16,091.85$2,056.37
2nd payment$0.00$1,243.28$0.00
Taxes / mo$25.72$25.72$25.72
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$16,267.57$17,510.86$2,291.49
Cash to close$219,493$33,000$33,000