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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$404,477$404,477$760,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$356,023$0
Funding fee$2,022$2,022$0
Note rate3.02%3.02%7.18%
Blended rate3.02%5.234%7.42%
1st payment$1,976.05$1,976.05$5,151.89
2nd payment$0.00$2,299.31$0.00
Taxes / mo$367.68$367.68$367.68
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$152.10
HOA / mo$172.00$172.00$172.00
Total monthly$2,732.39$5,031.71$6,060.34
Cash to close$440,523$84,500$84,500