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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$443,913$443,913$1,075,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$631,587$0
Funding fee$2,220$2,220$0
Note rate2.88%2.88%7.18%
Blended rate2.88%5.74%7.42%
1st payment$2,131.59$2,131.59$7,285.81
2nd payment$0.00$4,079.00$0.00
Taxes / mo$265.58$265.58$265.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.10
HOA / mo$25.00$25.00$25.00
Total monthly$2,638.84$6,717.84$8,008.16
Cash to close$751,087$119,500$119,500