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$581,512$581,512$810,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$228,488$0
Funding fee$2,908$2,908$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.412%7.640%
1st payment$2,763.65$2,763.65$5,608.28
2nd payment$0.00$1,475.65$0.00
Taxes / mo$281.00$281.00$281.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$162.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,261.32$4,736.97$6,267.94
Cash to close$318,488$90,000$90,000