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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$490,379$490,379$585,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$94,621$0
Funding fee$2,452$2,452$0
Note rate3.09%3.09%7.18%
Blended rate3.09%4.046%7.42%
1st payment$2,338.14$2,338.14$3,962.99
2nd payment$0.00$709.65$0.00
Taxes / mo$218.17$218.17$218.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$117.00$117.00$117.00
Total monthly$2,839.97$3,549.63$4,581.83
Cash to close$159,621$65,000$65,000