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$579,682$579,682$630,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$50,318$0
Funding fee$2,898$2,898$0
Note rate3.010%3.010%7.400%
Blended rate3.010%3.488%7.640%
1st payment$2,739.71$2,739.71$4,361.99
2nd payment$0.00$377.38$0.00
Taxes / mo$295.92$295.92$295.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,202.29$3,579.68$4,950.58
Cash to close$120,318$70,000$70,000