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$429,997$429,997$684,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$254,003$0
Funding fee$2,150$2,150$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.676%7.640%
1st payment$2,055.42$2,055.42$4,735.88
2nd payment$0.00$1,640.44$0.00
Taxes / mo$251.42$251.42$251.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$136.80
HOA / mo$165.00$165.00$165.00
Total monthly$2,688.50$4,328.94$5,505.76
Cash to close$330,003$76,000$76,000