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$548,070$548,070$562,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$45,680$0
Funding fee$2,740$2,740$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.098%7.640%
1st payment$2,695.40$2,695.40$3,894.64
2nd payment$0.00$452.04$0.00
Taxes / mo$276.17$276.17$276.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$62.00$62.00$62.00
Total monthly$3,200.23$3,652.27$4,511.97
Cash to close$76,930$31,250$62,500