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$233,261$233,261$270,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$36,739$0
Funding fee$1,166$1,166$0
Note rate2.900%2.900%7.400%
Blended rate2.900%3.730%7.640%
1st payment$1,119.80$1,119.80$1,869.43
2nd payment$0.00$275.54$0.00
Taxes / mo$253.08$253.08$253.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$165.00$165.00$165.00
Total monthly$1,687.88$1,963.42$2,491.51
Cash to close$66,739$30,000$30,000