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$411,330$411,330$810,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$398,670$0
Funding fee$2,057$2,057$0
Note rate2.730%2.730%7.400%
Blended rate2.730%5.201%7.640%
1st payment$1,920.27$1,920.27$5,608.28
2nd payment$0.00$2,574.75$0.00
Taxes / mo$223.58$223.58$223.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$162.00
HOA / mo$71.67$71.67$71.67
Total monthly$2,432.19$5,006.94$6,282.20
Cash to close$488,670$90,000$90,000