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$7,164$7,164$224,910
Remaining term (yrs)1.51.530.0
Secondary amount$0$217,746$0
Funding fee$36$36$0
Note rate7.160%7.160%7.400%
Blended rate7.160%7.731%7.640%
1st payment$399.97$399.97$1,557.23
2nd payment$0.00$1,406.27$0.00
Taxes / mo$74.92$74.92$74.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$624.89$2,031.16$1,827.13
Cash to close$242,736$24,990$24,990