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$398,057$398,057$864,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$465,943$0
Funding fee$1,990$1,990$0
Note rate2.970%2.970%7.400%
Blended rate2.970%5.548%7.640%
1st payment$1,889.95$1,889.95$5,982.16
2nd payment$0.00$3,009.22$0.00
Taxes / mo$800.00$800.00$800.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$172.80
HOA / mo$168.00$168.00$168.00
Total monthly$3,074.61$6,083.83$7,339.63
Cash to close$561,943$96,000$96,000