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$251,325$251,325$373,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$122,175$0
Funding fee$1,257$1,257$0
Note rate2.720%2.720%7.400%
Blended rate2.720%4.447%7.640%
1st payment$1,177.67$1,177.67$2,586.04
2nd payment$0.00$814.50$0.00
Taxes / mo$456.83$456.83$456.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$58.33$58.33$58.33
Total monthly$1,842.83$2,657.33$3,325.90
Cash to close$163,675$41,500$41,500