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$338,789$338,789$476,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$138,121$0
Funding fee$1,694$1,694$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.768%7.640%
1st payment$1,747.10$1,747.10$3,302.03
2nd payment$0.00$920.80$0.00
Taxes / mo$441.58$441.58$441.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,355.35$3,276.16$4,005.66
Cash to close$191,111$52,990$52,990