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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$286,835$286,835$899,999
Remaining term (yrs)8.78.730.0
Secondary amount$0$613,164$0
Funding fee$1,434$1,434$0
Note rate2.6%2.6%7.18%
Blended rate2.6%6.109%7.42%
1st payment$3,031.53$3,031.53$6,096.91
2nd payment$0.00$3,960.02$0.00
Taxes / mo$495.08$495.08$495.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$180.00
HOA / mo$80.00$80.00$80.00
Total monthly$3,823.28$7,783.30$7,068.66
Cash to close$713,164$100,000$100,000