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$284,882$284,882$719,550
Remaining term (yrs)24.024.030.0
Secondary amount$0$434,668$0
Funding fee$1,424$1,424$0
Note rate2.940%2.940%7.400%
Blended rate2.940%5.846%7.640%
1st payment$1,376.73$1,376.73$4,982.02
2nd payment$0.00$2,807.23$0.00
Taxes / mo$482.48$482.48$482.48
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.91
HOA / mo$25.00$25.00$25.00
Total monthly$2,100.88$4,908.11$5,850.08
Cash to close$514,618$79,950$79,950