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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$490,746$490,746$1,034,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$543,354$0
Funding fee$2,454$2,454$0
Note rate2.8%2.8%7.18%
Blended rate2.8%5.401%7.42%
1st payment$2,292.33$2,292.33$7,005.35
2nd payment$0.00$3,509.16$0.00
Taxes / mo$338.17$338.17$338.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$206.82
HOA / mo$66.00$66.00$66.00
Total monthly$2,913.17$6,422.33$7,833.01
Cash to close$658,254$114,900$114,900