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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$599,606$599,606$809,910
Remaining term (yrs)28.328.330.0
Secondary amount$0$210,304$0
Funding fee$2,998$2,998$0
Note rate7.04%7.04%7.18%
Blended rate7.04%7.224%7.42%
1st payment$4,071.67$4,071.67$5,486.61
2nd payment$0.00$1,358.21$0.00
Taxes / mo$285.00$285.00$285.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.98
HOA / mo$230.00$230.00$230.00
Total monthly$4,803.33$6,161.54$6,380.26
Cash to close$300,294$89,990$89,990