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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$298,349$298,349$630,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$331,651$0
Funding fee$1,492$1,492$0
Note rate2.89%2.89%7.18%
Blended rate2.89%5.448%7.42%
1st payment$1,434.15$1,434.15$4,267.84
2nd payment$0.00$2,141.91$0.00
Taxes / mo$231.75$231.75$231.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$104.00$104.00$104.00
Total monthly$1,936.56$4,078.48$4,896.26
Cash to close$401,651$70,000$70,000