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$262,455$262,455$378,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$115,545$0
Funding fee$1,312$1,312$0
Note rate2.800%2.800%7.400%
Blended rate2.800%4.390%7.640%
1st payment$1,217.46$1,217.46$2,617.20
2nd payment$0.00$770.30$0.00
Taxes / mo$119.67$119.67$119.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,487.13$2,257.43$2,962.46
Cash to close$157,545$42,000$42,000