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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$322,246$322,246$333,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$29,254$0
Funding fee$1,611$1,611$0
Note rate3.070%3.070%7.400%
Blended rate3.070%3.803%7.640%
1st payment$1,523.10$1,523.10$2,305.62
2nd payment$0.00$289.50$0.00
Taxes / mo$156.25$156.25$156.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,829.35$2,118.85$2,678.47
Cash to close$47,754$18,500$37,000