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$489,167$489,167$899,955
Remaining term (yrs)24.524.530.0
Secondary amount$0$410,788$0
Funding fee$2,446$2,446$0
Note rate3.050%3.050%7.400%
Blended rate3.050%5.195%7.640%
1st payment$2,358.82$2,358.82$6,231.11
2nd payment$0.00$2,653.01$0.00
Taxes / mo$517.00$517.00$517.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.99
HOA / mo$66.67$66.67$66.67
Total monthly$3,159.16$5,812.16$7,211.43
Cash to close$510,783$99,995$99,995