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$234,568$234,568$337,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$102,932$0
Funding fee$1,173$1,173$0
Note rate3.560%3.560%7.400%
Blended rate3.560%4.914%7.640%
1st payment$1,243.07$1,243.07$2,336.78
2nd payment$0.00$686.21$0.00
Taxes / mo$172.33$172.33$172.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$92.00$92.00$92.00
Total monthly$1,657.41$2,343.62$2,818.62
Cash to close$140,432$37,500$37,500