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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$165,484$165,484$243,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$77,516$0
Funding fee$827$827$0
Note rate3.03%3.03%7.18%
Blended rate3.03%4.934%7.42%
1st payment$811.24$811.24$1,646.17
2nd payment$0.00$581.37$0.00
Taxes / mo$156.00$156.00$156.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.60
HOA / mo$74.67$74.67$74.67
Total monthly$1,191.91$1,773.27$2,075.44
Cash to close$104,516$27,000$27,000