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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$278,536$278,536$341,999
Remaining term (yrs)25.225.230.0
Secondary amount$0$63,463$0
Funding fee$1,393$1,393$0
Note rate3.100%3.100%7.320%
Blended rate3.100%4.195%7.560%
1st payment$1,323.75$1,323.75$2,349.30
2nd payment$0.00$475.97$0.00
Taxes / mo$107.92$107.92$107.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$85.00$85.00$85.00
Total monthly$1,666.67$2,142.64$2,760.61
Cash to close$101,463$38,000$38,000