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$419,024$419,024$548,100
Remaining term (yrs)26.726.730.0
Secondary amount$0$129,076$0
Funding fee$2,095$2,095$0
Note rate6.570%6.570%7.400%
Blended rate6.570%6.907%7.640%
1st payment$2,771.94$2,771.94$3,794.93
2nd payment$0.00$860.51$0.00
Taxes / mo$744.00$744.00$744.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$109.62
HOA / mo$0.00$0.00$0.00
Total monthly$3,682.61$4,543.12$4,815.22
Cash to close$189,976$60,900$60,900