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$330,613$330,613$1,165,500
Remaining term (yrs)19.819.830.0
Secondary amount$0$834,887$0
Funding fee$1,653$1,653$0
Note rate3.580%3.580%7.400%
Blended rate3.580%6.567%7.640%
1st payment$1,936.58$1,936.58$8,069.69
2nd payment$0.00$5,391.98$0.00
Taxes / mo$252.08$252.08$252.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$233.10
HOA / mo$22.08$22.08$22.08
Total monthly$2,427.41$7,819.38$8,793.62
Cash to close$964,387$129,500$129,500