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$447,544$447,544$895,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$447,956$0
Funding fee$2,238$2,238$0
Note rate2.98%2.98%7.18%
Blended rate2.98%5.366%7.42%
1st payment$2,127.23$2,127.23$6,066.43
2nd payment$0.00$2,893.05$0.00
Taxes / mo$290.00$290.00$290.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.10
HOA / mo$124.00$124.00$124.00
Total monthly$2,757.90$5,650.94$6,876.20
Cash to close$547,456$99,500$99,500