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$345,513$345,513$562,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$216,987$0
Funding fee$1,728$1,728$0
Note rate3.150%3.150%7.400%
Blended rate3.150%4.924%7.640%
1st payment$1,715.28$1,715.28$3,894.64
2nd payment$0.00$1,401.37$0.00
Taxes / mo$272.00$272.00$272.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$180.00$180.00$180.00
Total monthly$2,333.95$3,735.32$4,625.80
Cash to close$279,487$62,500$62,500