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$436,806$436,806$1,034,999
Remaining term (yrs)24.324.330.0
Secondary amount$0$598,193$0
Funding fee$2,184$2,184$0
Note rate3.020%3.020%7.400%
Blended rate3.020%5.754%7.640%
1st payment$2,109.19$2,109.19$7,166.12
2nd payment$0.00$3,863.33$0.00
Taxes / mo$168.67$168.67$168.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$207.00
HOA / mo$40.00$40.00$40.00
Total monthly$2,534.52$6,397.86$7,798.46
Cash to close$713,193$115,000$115,000