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$413,124$413,124$539,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$126,786$0
Funding fee$2,066$2,066$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.098%7.640%
1st payment$1,992.76$1,992.76$3,738.23
2nd payment$0.00$845.24$0.00
Taxes / mo$195.42$195.42$195.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,354.84$3,200.08$4,208.29
Cash to close$186,776$59,990$59,990