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$434,141$434,141$747,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$312,859$0
Funding fee$2,171$2,171$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.931%7.640%
1st payment$2,094.14$2,094.14$5,172.08
2nd payment$0.00$2,020.55$0.00
Taxes / mo$153.75$153.75$153.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$149.40
HOA / mo$54.42$54.42$54.42
Total monthly$2,518.97$4,539.52$5,746.31
Cash to close$395,859$83,000$83,000