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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$402,598$402,598$899,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$496,502$0
Funding fee$2,013$2,013$0
Note rate2.95%2.95%7.18%
Blended rate2.95%5.601%7.42%
1st payment$1,916.08$1,916.08$6,090.82
2nd payment$0.00$3,206.58$0.00
Taxes / mo$365.75$365.75$365.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.82
HOA / mo$13.75$13.75$13.75
Total monthly$2,512.25$5,718.82$6,866.80
Cash to close$596,402$99,900$99,900