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$0$0$265,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$265,500$0
Funding fee$0$0$0
Note rate7.170%7.170%7.400%
Blended rate7.170%7.750%7.640%
1st payment$599.87$599.87$1,838.27
2nd payment$0.00$1,714.69$0.00
Taxes / mo$162.25$162.25$162.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$32.08$32.08$32.08
Total monthly$944.20$2,658.88$2,235.70
Cash to close$295,000$29,500$29,500