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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$753,570$753,570$990,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$236,430$0
Funding fee$3,768$3,768$0
Note rate5.560%5.560%7.400%
Blended rate5.560%6.083%7.640%
1st payment$4,559.44$4,559.44$6,854.56
2nd payment$0.00$1,526.94$0.00
Taxes / mo$161.17$161.17$161.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,937.28$6,464.22$7,430.39
Cash to close$346,430$110,000$110,000