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$220,945$220,945$341,910
Remaining term (yrs)0.70.730.0
Secondary amount$0$120,965$0
Funding fee$1,105$1,105$0
Note rate6.360%6.360%7.400%
Blended rate6.360%6.940%7.640%
1st payment$22,743.69$22,743.69$2,367.32
2nd payment$0.00$806.43$0.00
Taxes / mo$145.83$145.83$145.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$23,039.52$23,845.95$2,731.53
Cash to close$158,955$37,990$37,990