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$435,796$435,796$989,999
Remaining term (yrs)24.224.230.0
Secondary amount$0$554,203$0
Funding fee$2,179$2,179$0
Note rate3.02%3.02%7.18%
Blended rate3.02%5.668%7.42%
1st payment$2,109.19$2,109.19$6,706.60
2nd payment$0.00$3,579.23$0.00
Taxes / mo$168.67$168.67$168.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$40.00$40.00$40.00
Total monthly$2,534.52$6,113.75$7,329.93
Cash to close$664,203$110,000$110,000