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$374,059$374,059$774,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$399,941$0
Funding fee$1,870$1,870$0
Note rate2.720%2.720%7.400%
Blended rate2.720%5.319%7.640%
1st payment$1,752.78$1,752.78$5,359.02
2nd payment$0.00$2,582.95$0.00
Taxes / mo$667.67$667.67$667.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$154.80
HOA / mo$19.00$19.00$19.00
Total monthly$2,656.12$5,239.07$6,417.15
Cash to close$485,941$86,000$86,000