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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$403,421$403,421$1,079,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$675,679$0
Funding fee$2,017$2,017$0
Note rate2.93%2.93%7.18%
Blended rate2.93%5.948%7.42%
1st payment$1,956.86$1,956.86$7,310.20
2nd payment$0.00$4,363.76$0.00
Taxes / mo$223.25$223.25$223.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.82
HOA / mo$126.00$126.00$126.00
Total monthly$2,522.78$6,886.54$8,091.94
Cash to close$795,579$119,900$119,900