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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$441,360$441,360$1,169,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$727,740$0
Funding fee$2,207$2,207$0
Note rate2.88%2.88%7.18%
Blended rate2.88%5.911%7.42%
1st payment$2,129.57$2,129.57$7,919.89
2nd payment$0.00$4,699.99$0.00
Taxes / mo$173.67$173.67$173.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$233.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,519.90$7,219.89$8,544.04
Cash to close$857,640$129,900$129,900