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$342,908$342,908$715,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$372,592$0
Funding fee$1,715$1,715$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.411%7.640%
1st payment$1,640.89$1,640.89$4,953.98
2nd payment$0.00$2,406.32$0.00
Taxes / mo$183.33$183.33$183.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,040.89$4,447.21$5,497.08
Cash to close$452,092$79,500$79,500