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$296,632$296,632$854,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$558,278$0
Funding fee$1,483$1,483$0
Note rate3.200%3.200%7.400%
Blended rate3.200%6.171%7.640%
1st payment$1,487.27$1,487.27$5,919.22
2nd payment$0.00$3,605.55$0.00
Taxes / mo$571.92$571.92$571.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$170.98
HOA / mo$66.67$66.67$66.67
Total monthly$2,342.52$5,948.07$6,945.46
Cash to close$653,268$94,990$94,990