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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$474,594$474,594$495,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$47,906$0
Funding fee$2,373$2,373$0
Note rate4.42%4.42%7.18%
Blended rate4.42%5.104%7.42%
1st payment$2,583.83$2,583.83$3,353.30
2nd payment$0.00$474.07$0.00
Taxes / mo$146.92$146.92$146.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$102.00$102.00$102.00
Total monthly$2,999.42$3,473.49$3,867.89
Cash to close$75,406$27,500$55,000