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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$423,032$423,032$693,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$269,968$0
Funding fee$2,115$2,115$0
Note rate2.25%2.25%7.18%
Blended rate2.25%4.393%7.42%
1st payment$1,897.35$1,897.35$4,694.62
2nd payment$0.00$1,743.55$0.00
Taxes / mo$251.42$251.42$251.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$138.60
HOA / mo$165.00$165.00$165.00
Total monthly$2,530.43$4,273.98$5,466.31
Cash to close$346,968$77,000$77,000