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$426,366$426,366$854,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$428,633$0
Funding fee$2,132$2,132$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.316%7.640%
1st payment$1,988.63$1,988.63$5,919.84
2nd payment$0.00$2,768.26$0.00
Taxes / mo$1,330.50$1,330.50$1,330.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$171.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,535.80$6,304.06$7,638.01
Cash to close$523,633$95,000$95,000