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$470,255$470,255$711,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$240,745$0
Funding fee$2,351$2,351$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.483%7.640%
1st payment$2,209.36$2,209.36$4,922.82
2nd payment$0.00$1,554.81$0.00
Taxes / mo$736.75$736.75$736.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$142.20
HOA / mo$178.67$178.67$178.67
Total monthly$3,341.45$4,896.26$6,197.11
Cash to close$319,745$79,000$79,000