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$435,453$435,453$675,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$239,547$0
Funding fee$2,177$2,177$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.731%7.640%
1st payment$2,138.65$2,138.65$4,673.56
2nd payment$0.00$1,547.07$0.00
Taxes / mo$214.67$214.67$214.67
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$2,569.98$4,117.05$5,239.90
Cash to close$314,547$75,000$75,000