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$58,495$58,495$386,910
Remaining term (yrs)8.98.930.0
Secondary amount$0$328,415$0
Funding fee$292$292$0
Note rate2.620%2.620%7.400%
Blended rate2.620%6.974%7.640%
1st payment$608.57$608.57$2,678.89
2nd payment$0.00$2,121.02$0.00
Taxes / mo$358.25$358.25$358.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,116.82$3,237.84$3,264.52
Cash to close$371,405$42,990$42,990