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$179,064$179,064$598,500
Remaining term (yrs)18.818.830.0
Secondary amount$0$419,436$0
Funding fee$895$895$0
Note rate3.98%3.98%7.18%
Blended rate3.98%6.622%7.42%
1st payment$1,123.94$1,123.94$4,054.45
2nd payment$0.00$2,708.86$0.00
Taxes / mo$145.58$145.58$145.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$119.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,436.19$4,145.04$4,486.40
Cash to close$485,936$66,500$66,500