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$431,668$431,668$899,100
Remaining term (yrs)19.119.130.0
Secondary amount$0$467,432$0
Funding fee$2,158$2,158$0
Note rate2.66%2.66%7.18%
Blended rate2.66%5.306%7.42%
1st payment$2,397.76$2,397.76$6,090.82
2nd payment$0.00$3,018.83$0.00
Taxes / mo$235.50$235.50$235.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,849.93$5,868.76$6,722.80
Cash to close$567,332$99,900$99,900