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$64,051$64,051$866,250
Remaining term (yrs)13.013.030.0
Secondary amount$0$802,199$0
Funding fee$320$320$0
Note rate5.160%5.160%7.400%
Blended rate5.160%7.558%7.640%
1st payment$559.41$559.41$5,997.74
2nd payment$0.00$5,180.87$0.00
Taxes / mo$486.17$486.17$486.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$173.25
HOA / mo$195.00$195.00$195.00
Total monthly$1,457.24$6,638.11$7,068.82
Cash to close$898,449$96,250$96,250