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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$488,118$488,118$522,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$33,882$0
Funding fee$2,441$2,441$0
Note rate5.1%5.1%7.18%
Blended rate5.1%5.353%7.42%
1st payment$2,845.06$2,845.06$3,536.21
2nd payment$0.00$254.12$0.00
Taxes / mo$415.58$415.58$415.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.40
HOA / mo$2.50$2.50$2.50
Total monthly$3,429.81$3,683.92$4,225.36
Cash to close$91,882$58,000$58,000