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$434,182$434,182$584,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$150,728$0
Funding fee$2,171$2,171$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.192%7.640%
1st payment$2,087.66$2,087.66$4,049.80
2nd payment$0.00$1,004.85$0.00
Taxes / mo$508.50$508.50$508.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,762.82$3,767.67$4,841.94
Cash to close$215,718$64,990$64,990