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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$407,776$407,776$580,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$172,724$0
Funding fee$2,039$2,039$0
Note rate6.5%6.5%7.18%
Blended rate6.5%6.946%7.42%
1st payment$2,604.03$2,604.03$3,932.51
2nd payment$0.00$1,151.49$0.00
Taxes / mo$19.33$19.33$19.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.10
HOA / mo$185.00$185.00$185.00
Total monthly$2,975.03$4,126.52$4,419.61
Cash to close$237,224$64,500$64,500