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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$483,889$483,889$693,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$209,111$0
Funding fee$2,419$2,419$0
Note rate3.07%3.07%7.18%
Blended rate3.07%4.482%7.42%
1st payment$2,297.09$2,297.09$4,694.62
2nd payment$0.00$1,350.51$0.00
Taxes / mo$242.50$242.50$242.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$138.60
HOA / mo$41.00$41.00$41.00
Total monthly$2,797.26$4,147.77$5,333.39
Cash to close$286,111$77,000$77,000