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$369,523$369,523$710,550
Remaining term (yrs)23.823.830.0
Secondary amount$0$341,027$0
Funding fee$1,848$1,848$0
Note rate3.000%3.000%7.400%
Blended rate3.000%5.280%7.640%
1st payment$1,805.75$1,805.75$4,919.70
2nd payment$0.00$2,202.46$0.00
Taxes / mo$448.33$448.33$448.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$142.11
HOA / mo$45.83$45.83$45.83
Total monthly$2,516.58$4,719.05$5,772.64
Cash to close$419,977$78,950$78,950