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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$460,519$460,519$697,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$236,981$0
Funding fee$2,303$2,303$0
Note rate2.95%2.95%7.18%
Blended rate2.95%4.581%7.42%
1st payment$2,186.72$2,186.72$4,725.11
2nd payment$0.00$1,530.51$0.00
Taxes / mo$252.75$252.75$252.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,656.14$4,186.64$5,334.02
Cash to close$314,481$77,500$77,500