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$225,705$225,705$293,850
Remaining term (yrs)24.724.730.0
Secondary amount$0$68,145$0
Funding fee$1,129$1,129$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.315%7.640%
1st payment$1,063.46$1,063.46$2,034.56
2nd payment$0.00$511.09$0.00
Taxes / mo$727.25$727.25$727.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.77
HOA / mo$234.00$234.00$234.00
Total monthly$2,174.71$2,685.79$3,204.58
Cash to close$100,795$32,650$32,650