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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$605,233$605,233$629,100
Remaining term (yrs)27.727.730.0
Secondary amount$0$58,817$0
Funding fee$3,026$3,026$0
Note rate6.87%6.87%7.18%
Blended rate6.87%7.313%7.42%
1st payment$4,069.57$4,069.57$4,261.74
2nd payment$0.00$582.05$0.00
Taxes / mo$192.83$192.83$192.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,429.07$5,011.12$4,747.06
Cash to close$93,767$34,950$69,900