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$321,351$321,351$809,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$488,559$0
Funding fee$1,607$1,607$0
Note rate3.450%3.450%7.400%
Blended rate3.450%6.044%7.640%
1st payment$1,657.18$1,657.18$5,607.65
2nd payment$0.00$3,155.27$0.00
Taxes / mo$435.42$435.42$435.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.98
HOA / mo$524.67$524.67$524.67
Total monthly$2,833.93$5,989.20$6,946.39
Cash to close$578,549$89,990$89,990