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$193,462$193,462$481,500
Remaining term (yrs)18.218.230.0
Secondary amount$0$288,038$0
Funding fee$967$967$0
Note rate4.020%4.020%7.400%
Blended rate4.020%6.251%7.640%
1st payment$1,244.28$1,244.28$3,333.81
2nd payment$0.00$1,860.24$0.00
Taxes / mo$688.25$688.25$688.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.30
HOA / mo$163.00$163.00$163.00
Total monthly$2,262.20$4,122.44$4,448.03
Cash to close$341,538$53,500$53,500