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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$414,945$414,945$764,798
Remaining term (yrs)25.125.130.0
Secondary amount$0$349,852$0
Funding fee$2,075$2,075$0
Note rate3.07%3.07%7.18%
Blended rate3.07%5.211%7.42%
1st payment$1,969.80$1,969.80$5,181.00
2nd payment$0.00$2,259.46$0.00
Taxes / mo$236.17$236.17$236.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$152.96
HOA / mo$0.00$0.00$0.00
Total monthly$2,422.64$4,682.10$5,786.80
Cash to close$434,830$84,978$84,978