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$382,112$382,112$764,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$382,798$0
Funding fee$1,911$1,911$0
Note rate2.77%2.77%7.18%
Blended rate2.77%5.262%7.42%
1st payment$1,795.94$1,795.94$5,181.77
2nd payment$0.00$2,472.24$0.00
Taxes / mo$314.92$314.92$314.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$152.98
HOA / mo$169.00$169.00$169.00
Total monthly$2,496.53$4,968.77$6,035.33
Cash to close$467,788$84,990$84,990