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$439,776$439,776$733,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$293,724$0
Funding fee$2,199$2,199$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.830%7.640%
1st payment$2,101.66$2,101.66$5,078.61
2nd payment$0.00$1,896.97$0.00
Taxes / mo$198.17$198.17$198.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$146.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,516.50$4,413.47$5,640.14
Cash to close$375,224$81,500$81,500