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$193,293$193,293$215,550
Remaining term (yrs)24.124.130.0
Secondary amount$0$34,232$0
Funding fee$966$966$0
Note rate2.830%2.830%7.400%
Blended rate2.830%4.191%7.640%
1st payment$918.78$918.78$1,492.42
2nd payment$0.00$338.75$0.00
Taxes / mo$231.67$231.67$231.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.11
HOA / mo$0.00$0.00$0.00
Total monthly$1,300.45$1,639.20$1,917.20
Cash to close$46,207$11,975$23,950