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$490,030$490,030$972,000
Remaining term (yrs)22.522.530.0
Secondary amount$0$481,970$0
Funding fee$2,450$2,450$0
Note rate4.350%4.350%7.400%
Blended rate4.350%6.036%7.640%
1st payment$2,842.57$2,842.57$6,729.93
2nd payment$0.00$3,112.73$0.00
Taxes / mo$350.58$350.58$350.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$194.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,409.82$6,522.54$7,491.58
Cash to close$589,970$108,000$108,000