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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$418,916$418,916$569,250
Remaining term (yrs)24.424.430.0
Secondary amount$0$150,334$0
Funding fee$2,095$2,095$0
Note rate2.73%2.73%7.18%
Blended rate2.73%4.122%7.42%
1st payment$1,955.69$1,955.69$3,856.30
2nd payment$0.00$1,002.23$0.00
Taxes / mo$186.08$186.08$186.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.85
HOA / mo$100.00$100.00$100.00
Total monthly$2,408.44$3,410.67$4,422.90
Cash to close$213,584$63,250$63,250