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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$488,963$488,963$972,000
Remaining term (yrs)22.422.430.0
Secondary amount$0$483,037$0
Funding fee$2,445$2,445$0
Note rate4.35%4.35%7.18%
Blended rate4.35%6.04%7.42%
1st payment$2,842.57$2,842.57$6,584.67
2nd payment$0.00$3,119.61$0.00
Taxes / mo$350.58$350.58$350.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$194.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,409.82$6,529.43$7,346.32
Cash to close$591,037$108,000$108,000