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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$484,256$484,256$589,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$105,244$0
Funding fee$2,421$2,421$0
Note rate2.78%2.78%7.18%
Blended rate2.78%3.712%7.42%
1st payment$2,241.37$2,241.37$3,993.48
2nd payment$0.00$701.62$0.00
Taxes / mo$307.83$307.83$307.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.90
HOA / mo$90.00$90.00$90.00
Total monthly$2,805.87$3,507.50$4,675.88
Cash to close$170,744$65,500$65,500