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$604,560$604,560$787,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$182,940$0
Funding fee$3,023$3,023$0
Note rate2.830%2.830%7.400%
Blended rate2.830%4.031%7.640%
1st payment$2,866.81$2,866.81$5,452.49
2nd payment$0.00$1,219.60$0.00
Taxes / mo$729.17$729.17$729.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,812.65$5,032.25$6,555.82
Cash to close$270,440$87,500$87,500