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$203,688$203,688$260,550
Remaining term (yrs)27.027.030.0
Secondary amount$0$56,862$0
Funding fee$1,018$1,018$0
Note rate7.120%7.120%7.320%
Blended rate7.120%7.530%7.560%
1st payment$1,414.10$1,414.10$1,789.80
2nd payment$0.00$426.47$0.00
Taxes / mo$85.17$85.17$85.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.11
HOA / mo$0.00$0.00$0.00
Total monthly$1,649.27$2,075.73$2,077.07
Cash to close$85,812$28,950$28,950