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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$485,373$485,373$602,991
Remaining term (yrs)25.025.030.0
Secondary amount$0$117,618$0
Funding fee$2,427$2,427$0
Note rate2.780%2.780%7.400%
Blended rate2.780%3.798%7.640%
1st payment$2,241.37$2,241.37$4,174.99
2nd payment$0.00$784.12$0.00
Taxes / mo$307.83$307.83$307.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.60
HOA / mo$90.00$90.00$90.00
Total monthly$2,805.87$3,589.99$4,860.09
Cash to close$184,617$66,999$66,999