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$382,455$382,455$674,991
Remaining term (yrs)24.924.930.0
Secondary amount$0$292,536$0
Funding fee$1,912$1,912$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.985%7.640%
1st payment$1,787.89$1,787.89$4,673.50
2nd payment$0.00$1,889.29$0.00
Taxes / mo$624.99$624.99$624.99
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,629.55$4,518.84$5,650.16
Cash to close$367,535$74,999$74,999