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$218,996$218,996$469,800
Remaining term (yrs)18.618.630.0
Secondary amount$0$250,804$0
Funding fee$1,095$1,095$0
Note rate3.670%3.670%7.400%
Blended rate3.670%5.848%7.640%
1st payment$1,347.73$1,347.73$3,252.80
2nd payment$0.00$1,619.78$0.00
Taxes / mo$103.00$103.00$103.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.96
HOA / mo$395.00$395.00$395.00
Total monthly$2,012.40$3,632.18$4,011.43
Cash to close$303,004$52,200$52,200