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$421,258$421,258$719,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$297,842$0
Funding fee$2,106$2,106$0
Note rate2.98%2.98%7.18%
Blended rate2.98%4.956%7.42%
1st payment$1,997.76$1,997.76$4,871.43
2nd payment$0.00$1,923.56$0.00
Taxes / mo$326.75$326.75$326.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.82
HOA / mo$76.00$76.00$76.00
Total monthly$2,617.18$4,540.75$5,634.67
Cash to close$377,742$79,900$79,900