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$104,329$104,329$405,000
Remaining term (yrs)15.315.330.0
Secondary amount$0$300,671$0
Funding fee$522$522$0
Note rate3.980%3.980%7.320%
Blended rate3.980%6.779%7.560%
1st payment$752.50$752.50$2,782.07
2nd payment$0.00$1,941.84$0.00
Taxes / mo$179.92$179.92$179.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$77.17$77.17$77.17
Total monthly$1,159.58$3,101.42$3,270.16
Cash to close$345,671$45,000$45,000