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$460,991$460,991$809,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$348,919$0
Funding fee$2,305$2,305$0
Note rate2.91%2.91%7.18%
Blended rate2.91%4.995%7.42%
1st payment$2,226.02$2,226.02$5,486.61
2nd payment$0.00$2,253.44$0.00
Taxes / mo$315.25$315.25$315.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.98
HOA / mo$76.67$76.67$76.67
Total monthly$2,834.60$5,088.04$6,257.18
Cash to close$438,909$89,990$89,990