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$131,486$131,486$178,200
Remaining term (yrs)24.824.830.0
Secondary amount$0$46,714$0
Funding fee$657$657$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.543%7.640%
1st payment$622.19$622.19$1,233.82
2nd payment$0.00$350.36$0.00
Taxes / mo$165.00$165.00$165.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$35.64
HOA / mo$0.00$0.00$0.00
Total monthly$937.19$1,287.55$1,584.46
Cash to close$66,514$19,800$19,800