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$403,699$403,699$652,410
Remaining term (yrs)24.124.130.0
Secondary amount$0$248,711$0
Funding fee$2,018$2,018$0
Note rate2.830%2.830%7.400%
Blended rate2.830%4.706%7.640%
1st payment$1,918.91$1,918.91$4,517.16
2nd payment$0.00$1,606.26$0.00
Taxes / mo$192.00$192.00$192.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,327.58$3,933.83$5,056.30
Cash to close$321,201$72,490$72,490