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$342,438$342,438$528,300
Remaining term (yrs)23.723.730.0
Secondary amount$0$185,862$0
Funding fee$1,712$1,712$0
Note rate3.230%3.230%7.400%
Blended rate3.230%4.908%7.640%
1st payment$1,718.29$1,718.29$3,657.84
2nd payment$0.00$1,239.08$0.00
Taxes / mo$304.00$304.00$304.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.66
HOA / mo$45.00$45.00$45.00
Total monthly$2,233.95$3,473.03$4,279.17
Cash to close$244,562$58,700$58,700