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$222,131$222,131$629,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$406,969$0
Funding fee$1,111$1,111$0
Note rate3.600%3.600%7.400%
Blended rate3.600%6.285%7.640%
1st payment$1,168.44$1,168.44$4,355.76
2nd payment$0.00$2,628.34$0.00
Taxes / mo$142.92$142.92$142.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,478.02$4,106.36$4,791.16
Cash to close$476,869$69,900$69,900