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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$91,251$91,251$288,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$196,749$0
Funding fee$456$456$0
Note rate2.740%2.740%7.400%
Blended rate2.740%6.333%7.640%
1st payment$426.47$426.47$1,994.05
2nd payment$0.00$1,311.66$0.00
Taxes / mo$43.75$43.75$43.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$620.22$1,931.88$2,245.40
Cash to close$228,749$32,000$32,000