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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$440,829$440,829$675,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$234,171$0
Funding fee$2,204$2,204$0
Note rate3.16%3.16%7.18%
Blended rate3.16%4.752%7.42%
1st payment$2,195.90$2,195.90$4,572.69
2nd payment$0.00$1,512.35$0.00
Taxes / mo$247.11$247.11$247.11
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$250.00$250.00$250.00
Total monthly$2,909.67$4,422.03$5,421.46
Cash to close$309,171$75,000$75,000