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$215,216$215,216$332,991
Remaining term (yrs)24.324.330.0
Secondary amount$0$117,775$0
Funding fee$1,076$1,076$0
Note rate2.680%2.680%7.400%
Blended rate2.680%4.562%7.640%
1st payment$1,001.67$1,001.67$2,305.56
2nd payment$0.00$785.16$0.00
Taxes / mo$603.17$603.17$603.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$11.00$11.00$11.00
Total monthly$1,765.84$2,551.00$3,136.33
Cash to close$154,774$36,999$36,999