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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$559,267$559,267$720,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$160,733$0
Funding fee$2,796$2,796$0
Note rate2.87%2.87%7.18%
Blended rate2.87%4.015%7.42%
1st payment$2,620.43$2,620.43$4,877.53
2nd payment$0.00$1,071.55$0.00
Taxes / mo$134.67$134.67$134.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,971.77$4,043.32$5,372.86
Cash to close$240,733$80,000$80,000