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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$289,742$289,742$678,600
Remaining term (yrs)24.224.230.0
Secondary amount$0$388,858$0
Funding fee$1,449$1,449$0
Note rate2.83%2.83%7.18%
Blended rate2.83%5.649%7.42%
1st payment$1,377.23$1,377.23$4,597.07
2nd payment$0.00$2,511.38$0.00
Taxes / mo$270.17$270.17$270.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.72
HOA / mo$0.00$0.00$0.00
Total monthly$1,864.07$4,375.44$5,219.63
Cash to close$464,258$75,400$75,400