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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$486,985$486,985$643,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$156,515$0
Funding fee$2,435$2,435$0
Note rate3.07%3.07%7.18%
Blended rate3.07%4.269%7.42%
1st payment$2,311.79$2,311.79$4,359.29
2nd payment$0.00$1,043.43$0.00
Taxes / mo$238.12$238.12$238.12
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$128.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,766.58$3,810.01$4,942.78
Cash to close$228,015$71,500$71,500