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$389,078$389,078$738,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$348,922$0
Funding fee$1,945$1,945$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.193%7.640%
1st payment$1,837.44$1,837.44$5,109.76
2nd payment$0.00$2,253.45$0.00
Taxes / mo$286.99$286.99$286.99
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$147.60
HOA / mo$126.67$126.67$126.67
Total monthly$2,467.77$4,721.23$5,887.69
Cash to close$430,922$82,000$82,000