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$329,588$329,588$418,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$88,912$0
Funding fee$1,648$1,648$0
Note rate3.010%3.010%7.400%
Blended rate3.010%4.283%7.640%
1st payment$1,557.71$1,557.71$2,897.61
2nd payment$0.00$666.84$0.00
Taxes / mo$345.92$345.92$345.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$57.00$57.00$57.00
Total monthly$2,127.29$2,794.13$3,550.89
Cash to close$135,412$46,500$46,500