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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$424,591$424,591$729,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$304,409$0
Funding fee$2,123$2,123$0
Note rate2.81%2.81%7.18%
Blended rate2.81%4.873%7.42%
1st payment$1,999.53$1,999.53$4,938.50
2nd payment$0.00$1,965.98$0.00
Taxes / mo$259.25$259.25$259.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$145.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,475.45$4,441.42$5,560.22
Cash to close$385,409$81,000$81,000