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$579,064$579,064$654,750
Remaining term (yrs)24.724.730.0
Secondary amount$0$75,686$0
Funding fee$2,895$2,895$0
Note rate2.940%2.940%7.400%
Blended rate2.940%3.641%7.640%
1st payment$2,740.36$2,740.36$4,533.36
2nd payment$0.00$567.65$0.00
Taxes / mo$376.25$376.25$376.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.95
HOA / mo$115.00$115.00$115.00
Total monthly$3,448.27$4,015.92$5,372.22
Cash to close$148,436$72,750$72,750