The Brokery
Call Danielle

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$686,092$686,092$899,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$213,008$0
Funding fee$3,430$3,430$0
Note rate2.830%2.830%7.400%
Blended rate2.830%3.996%7.640%
1st payment$3,238.05$3,238.05$6,225.19
2nd payment$0.00$1,375.68$0.00
Taxes / mo$257.50$257.50$257.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.82
HOA / mo$93.33$93.33$93.33
Total monthly$3,805.55$5,181.23$6,972.50
Cash to close$312,908$99,900$99,900