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$207,274$207,274$360,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$152,726$0
Funding fee$1,036$1,036$0
Note rate2.250%2.250%7.400%
Blended rate2.250%4.689%7.640%
1st payment$890.78$890.78$2,492.57
2nd payment$0.00$1,018.18$0.00
Taxes / mo$186.00$186.00$186.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$73.75$73.75$73.75
Total monthly$1,300.53$2,318.71$2,974.32
Cash to close$192,726$40,000$40,000