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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$449,765$449,765$661,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$211,735$0
Funding fee$2,249$2,249$0
Note rate2.96%2.96%7.18%
Blended rate2.96%4.493%7.42%
1st payment$2,137.99$2,137.99$4,481.23
2nd payment$0.00$1,367.46$0.00
Taxes / mo$270.42$270.42$270.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$132.30
HOA / mo$122.00$122.00$122.00
Total monthly$2,747.07$4,114.53$5,222.61
Cash to close$285,235$73,500$73,500