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$331,778$331,778$787,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$455,632$0
Funding fee$1,659$1,659$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.698%7.640%
1st payment$1,552.70$1,552.70$5,451.87
2nd payment$0.00$2,942.63$0.00
Taxes / mo$319.25$319.25$319.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.48
HOA / mo$154.00$154.00$154.00
Total monthly$2,242.61$5,185.24$6,299.27
Cash to close$543,122$87,490$87,490