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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$524,722$524,722$751,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$226,778$0
Funding fee$2,624$2,624$0
Note rate2.99%2.99%7.18%
Blended rate2.99%4.426%7.42%
1st payment$2,508.17$2,508.17$5,090.92
2nd payment$0.00$1,464.61$0.00
Taxes / mo$415.00$415.00$415.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$150.30
HOA / mo$105.00$105.00$105.00
Total monthly$3,244.84$4,709.45$5,977.89
Cash to close$310,278$83,500$83,500