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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$387,975$387,975$702,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$314,025$0
Funding fee$1,940$1,940$0
Note rate3.23%3.23%7.18%
Blended rate3.23%5.252%7.42%
1st payment$1,951.32$1,951.32$4,755.59
2nd payment$0.00$2,028.08$0.00
Taxes / mo$262.67$262.67$262.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,430.66$4,458.73$5,375.33
Cash to close$392,025$78,000$78,000