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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$424,038$424,038$791,550
Remaining term (yrs)23.423.430.0
Secondary amount$0$367,512$0
Funding fee$2,120$2,120$0
Note rate3.45%3.45%7.18%
Blended rate3.45%5.446%7.42%
1st payment$2,196.76$2,196.76$5,362.24
2nd payment$0.00$2,373.51$0.00
Taxes / mo$184.92$184.92$184.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$158.31
HOA / mo$0.00$0.00$0.00
Total monthly$2,598.34$4,971.86$5,922.13
Cash to close$455,462$87,950$87,950