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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$104,330$104,330$166,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$62,170$0
Funding fee$522$522$0
Note rate2.780%2.780%7.400%
Blended rate2.780%5.103%7.640%
1st payment$482.89$482.89$1,152.81
2nd payment$0.00$466.28$0.00
Taxes / mo$64.75$64.75$64.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$697.64$1,163.91$1,400.86
Cash to close$80,670$18,500$18,500