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$509,864$509,864$819,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$309,136$0
Funding fee$2,549$2,549$0
Note rate3.180%3.180%7.400%
Blended rate3.180%4.905%7.640%
1st payment$2,521.63$2,521.63$5,670.59
2nd payment$0.00$1,996.50$0.00
Taxes / mo$780.83$780.83$780.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$163.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,519.13$5,515.63$6,831.89
Cash to close$400,136$91,000$91,000