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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$400,638$400,638$630,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$229,362$0
Funding fee$2,003$2,003$0
Note rate2.875%2.875%7.18%
Blended rate2.875%4.65%7.42%
1st payment$1,891.25$1,891.25$4,267.84
2nd payment$0.00$1,481.30$0.00
Taxes / mo$222.58$222.58$222.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$91.67$91.67$91.67
Total monthly$2,372.17$3,853.46$4,874.76
Cash to close$299,362$70,000$70,000