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$484,836$484,836$809,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$324,264$0
Funding fee$2,424$2,424$0
Note rate2.98%2.98%7.18%
Blended rate2.98%4.892%7.42%
1st payment$2,304.48$2,304.48$5,481.13
2nd payment$0.00$2,094.20$0.00
Taxes / mo$295.33$295.33$295.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$199.00$199.00$199.00
Total monthly$3,015.48$5,109.69$6,353.95
Cash to close$414,164$89,900$89,900