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$363,955$363,955$832,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$468,545$0
Funding fee$1,820$1,820$0
Note rate3.110%3.110%7.400%
Blended rate3.110%5.721%7.640%
1st payment$1,731.62$1,731.62$5,764.06
2nd payment$0.00$3,026.02$0.00
Taxes / mo$67.25$67.25$67.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$166.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,015.53$5,041.55$6,214.48
Cash to close$561,045$92,500$92,500