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$221,124$221,124$378,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$156,876$0
Funding fee$1,106$1,106$0
Note rate2.990%2.990%7.400%
Blended rate2.990%5.069%7.640%
1st payment$1,074.31$1,074.31$2,617.20
2nd payment$0.00$1,045.84$0.00
Taxes / mo$163.33$163.33$163.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$80.00$80.00$80.00
Total monthly$1,467.65$2,513.48$3,086.13
Cash to close$198,876$42,000$42,000