Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$10,819$10,819$216,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$205,181$0
Funding fee$54$54$0
Note rate6.580%6.580%7.320%
Blended rate6.580%7.691%7.560%
1st payment$10,877.99$10,877.99$1,483.77
2nd payment$0.00$1,325.13$0.00
Taxes / mo$315.58$315.58$315.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$11,343.57$12,668.70$1,992.55
Cash to close$229,181$24,000$24,000