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$414,526$414,526$540,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$125,474$0
Funding fee$2,073$2,073$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.085%7.640%
1st payment$1,935.47$1,935.47$3,738.85
2nd payment$0.00$836.49$0.00
Taxes / mo$394.92$394.92$394.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$65.00$65.00$65.00
Total monthly$2,562.05$3,398.54$4,473.43
Cash to close$185,474$60,000$60,000