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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$440,277$440,277$853,200
Remaining term (yrs)24.724.730.0
Secondary amount$0$412,923$0
Funding fee$2,201$2,201$0
Note rate2.93%2.93%7.18%
Blended rate2.93%5.263%7.42%
1st payment$2,081.29$2,081.29$5,779.87
2nd payment$0.00$2,666.79$0.00
Taxes / mo$285.67$285.67$285.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$170.64
HOA / mo$0.00$0.00$0.00
Total monthly$2,583.62$5,250.41$6,452.85
Cash to close$507,723$94,800$94,800