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$322,576$322,576$341,910
Remaining term (yrs)27.827.830.0
Secondary amount$0$38,329$0
Funding fee$1,613$1,613$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.473%7.640%
1st payment$2,183.77$2,183.77$2,367.32
2nd payment$0.00$379.29$0.00
Taxes / mo$64.83$64.83$64.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,398.60$2,777.89$2,650.53
Cash to close$57,324$18,995$37,990