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$568,284$568,284$693,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$124,716$0
Funding fee$2,841$2,841$0
Note rate3.000%3.000%7.400%
Blended rate3.000%3.900%7.640%
1st payment$2,719.35$2,719.35$4,798.19
2nd payment$0.00$831.44$0.00
Taxes / mo$218.83$218.83$218.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$138.60
HOA / mo$124.00$124.00$124.00
Total monthly$3,278.85$4,110.29$5,496.29
Cash to close$201,716$77,000$77,000