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$405,201$405,201$899,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$493,899$0
Funding fee$2,026$2,026$0
Note rate3.100%3.100%7.400%
Blended rate3.100%5.654%7.640%
1st payment$1,921.57$1,921.57$6,225.19
2nd payment$0.00$3,189.76$0.00
Taxes / mo$443.08$443.08$443.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,581.32$5,771.09$7,064.76
Cash to close$593,799$99,900$99,900