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$290,434$290,434$687,600
Remaining term (yrs)24.224.230.0
Secondary amount$0$397,166$0
Funding fee$1,452$1,452$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.672%7.640%
1st payment$1,377.23$1,377.23$4,760.80
2nd payment$0.00$2,565.03$0.00
Taxes / mo$270.17$270.17$270.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$137.52
HOA / mo$0.00$0.00$0.00
Total monthly$1,864.07$4,429.10$5,385.16
Cash to close$473,566$76,400$76,400