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$442,576$442,576$854,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$412,334$0
Funding fee$2,213$2,213$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.193%7.640%
1st payment$2,094.16$2,094.16$5,919.22
2nd payment$0.00$2,662.99$0.00
Taxes / mo$330.92$330.92$330.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$170.98
HOA / mo$199.00$199.00$199.00
Total monthly$2,840.74$5,503.73$6,836.79
Cash to close$507,324$94,990$94,990