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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$429,063$429,063$584,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$155,847$0
Funding fee$2,145$2,145$0
Note rate2.99%2.99%7.18%
Blended rate2.99%4.325%7.42%
1st payment$2,089.51$2,089.51$3,962.38
2nd payment$0.00$1,038.98$0.00
Taxes / mo$415.08$415.08$415.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$132.00$132.00$132.00
Total monthly$2,803.26$3,842.24$4,793.12
Cash to close$220,837$64,990$64,990