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$405,433$405,433$760,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$355,067$0
Funding fee$2,027$2,027$0
Note rate3.020%3.020%7.400%
Blended rate3.020%5.228%7.640%
1st payment$1,976.05$1,976.05$5,265.55
2nd payment$0.00$2,293.14$0.00
Taxes / mo$367.68$367.68$367.68
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$152.10
HOA / mo$172.00$172.00$172.00
Total monthly$2,732.39$5,025.53$6,174.00
Cash to close$439,567$84,500$84,500