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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$471,424$471,424$719,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$247,676$0
Funding fee$2,357$2,357$0
Note rate2.88%2.88%7.18%
Blended rate2.88%4.557%7.42%
1st payment$2,274.63$2,274.63$4,871.43
2nd payment$0.00$1,599.57$0.00
Taxes / mo$336.92$336.92$336.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.82
HOA / mo$173.67$173.67$173.67
Total monthly$3,001.88$4,601.46$5,742.51
Cash to close$327,576$79,900$79,900