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$424,134$424,134$693,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$268,866$0
Funding fee$2,121$2,121$0
Note rate2.250%2.250%7.400%
Blended rate2.250%4.384%7.640%
1st payment$1,897.35$1,897.35$4,798.19
2nd payment$0.00$1,736.43$0.00
Taxes / mo$251.42$251.42$251.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$138.60
HOA / mo$165.00$165.00$165.00
Total monthly$2,530.43$4,266.86$5,569.88
Cash to close$345,866$77,000$77,000