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$271,617$271,617$855,000
Remaining term (yrs)16.016.030.0
Secondary amount$0$583,383$0
Funding fee$1,358$1,358$0
Note rate2.990%2.990%7.400%
Blended rate2.990%6.238%7.640%
1st payment$1,767.35$1,767.35$5,919.85
2nd payment$0.00$3,767.68$0.00
Taxes / mo$286.16$286.16$286.16
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$171.00
HOA / mo$126.67$126.67$126.67
Total monthly$2,396.84$6,164.52$6,720.34
Cash to close$678,383$95,000$95,000