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$182,246$182,246$328,410
Remaining term (yrs)21.121.130.0
Secondary amount$0$146,164$0
Funding fee$911$911$0
Note rate2.72%2.72%7.11%
Blended rate2.72%5.07%7.35%
1st payment$941.81$941.81$2,209.24
2nd payment$0.00$974.42$0.00
Taxes / mo$372.25$372.25$372.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,464.06$2,438.49$2,797.17
Cash to close$182,654$36,490$36,490