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$453,999$453,999$702,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$248,001$0
Funding fee$2,270$2,270$0
Note rate2.670%2.670%7.400%
Blended rate2.670%4.465%7.640%
1st payment$2,095.54$2,095.54$4,860.51
2nd payment$0.00$1,601.67$0.00
Taxes / mo$263.42$263.42$263.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.40
HOA / mo$117.00$117.00$117.00
Total monthly$2,692.63$4,294.30$5,597.99
Cash to close$326,001$78,000$78,000