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$262,114$262,114$297,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$34,886$0
Funding fee$1,311$1,311$0
Note rate6.540%6.540%7.400%
Blended rate6.540%6.829%7.640%
1st payment$1,730.91$1,730.91$2,056.37
2nd payment$0.00$261.65$0.00
Taxes / mo$60.83$60.83$60.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,941.74$2,203.38$2,326.60
Cash to close$67,886$33,000$33,000