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$556,826$556,826$557,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$31,224$0
Funding fee$2,784$2,784$0
Note rate3.690%3.690%7.400%
Blended rate3.690%4.125%7.640%
1st payment$2,805.21$2,805.21$3,857.25
2nd payment$0.00$308.99$0.00
Taxes / mo$179.96$179.96$179.96
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.42
HOA / mo$63.33$63.33$63.33
Total monthly$3,215.17$3,524.16$4,378.62
Cash to close$62,174$30,950$61,900