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$476,852$476,852$990,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$513,148$0
Funding fee$2,384$2,384$0
Note rate6.310%6.310%7.400%
Blended rate6.310%7.056%7.640%
1st payment$3,098.12$3,098.12$6,854.56
2nd payment$0.00$3,314.08$0.00
Taxes / mo$411.17$411.17$411.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$25.00$25.00$25.00
Total monthly$3,750.96$7,065.04$7,705.39
Cash to close$623,148$110,000$110,000