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$28,917$28,917$584,100
Remaining term (yrs)1.91.930.0
Secondary amount$0$555,183$0
Funding fee$145$145$0
Note rate6.940%6.940%7.400%
Blended rate6.940%7.710%7.640%
1st payment$1,293.89$1,293.89$4,044.19
2nd payment$0.00$3,585.56$0.00
Taxes / mo$163.14$163.14$163.14
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.82
HOA / mo$3.08$3.08$3.08
Total monthly$1,626.78$5,212.34$4,493.90
Cash to close$620,083$64,900$64,900