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$403,585$403,585$898,200
Remaining term (yrs)24.124.130.0
Secondary amount$0$494,615$0
Funding fee$2,018$2,018$0
Note rate2.780%2.780%7.400%
Blended rate2.780%5.517%7.640%
1st payment$1,908.05$1,908.05$6,218.96
2nd payment$0.00$3,194.39$0.00
Taxes / mo$266.33$266.33$266.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.64
HOA / mo$60.75$60.75$60.75
Total monthly$2,451.80$5,646.19$6,942.35
Cash to close$594,415$99,800$99,800