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$249,924$249,924$719,550
Remaining term (yrs)19.419.430.0
Secondary amount$0$469,626$0
Funding fee$1,250$1,250$0
Note rate3.790%3.790%7.400%
Blended rate3.790%6.375%7.640%
1st payment$1,512.51$1,512.51$4,982.02
2nd payment$0.00$3,033.00$0.00
Taxes / mo$505.50$505.50$505.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.91
HOA / mo$0.00$0.00$0.00
Total monthly$2,234.68$5,267.68$5,848.10
Cash to close$549,576$79,950$79,950