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$460,308$460,308$674,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$214,691$0
Funding fee$2,302$2,302$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.504%7.640%
1st payment$2,236.36$2,236.36$4,673.56
2nd payment$0.00$1,386.55$0.00
Taxes / mo$458.92$458.92$458.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$32.00$32.00$32.00
Total monthly$2,943.95$4,330.50$5,516.14
Cash to close$289,691$75,000$75,000