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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$135,216$135,216$629,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$493,884$0
Funding fee$676$676$0
Note rate2.87%2.87%7.18%
Blended rate2.87%6.701%7.42%
1st payment$648.59$648.59$4,261.74
2nd payment$0.00$3,189.67$0.00
Taxes / mo$221.00$221.00$221.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$103.33$103.33$103.33
Total monthly$1,139.59$4,329.25$4,878.56
Cash to close$563,784$69,900$69,900