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$135,541$135,541$629,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$493,559$0
Funding fee$678$678$0
Note rate2.870%2.870%7.400%
Blended rate2.870%6.699%7.640%
1st payment$648.59$648.59$4,355.76
2nd payment$0.00$3,187.57$0.00
Taxes / mo$221.00$221.00$221.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$103.33$103.33$103.33
Total monthly$1,139.59$4,327.16$4,972.58
Cash to close$563,459$69,900$69,900