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$603,903$603,903$683,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$79,197$0
Funding fee$3,020$3,020$0
Note rate2.990%2.990%7.400%
Blended rate2.990%3.687%7.640%
1st payment$2,880.08$2,880.08$4,729.65
2nd payment$0.00$593.98$0.00
Taxes / mo$301.00$301.00$301.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$136.62
HOA / mo$87.00$87.00$87.00
Total monthly$3,484.75$4,078.73$5,470.93
Cash to close$155,097$75,900$75,900