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$476,539$476,539$922,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$445,871$0
Funding fee$2,383$2,383$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.229%7.640%
1st payment$2,227.71$2,227.71$6,386.58
2nd payment$0.00$2,879.59$0.00
Taxes / mo$774.92$774.92$774.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$184.48
HOA / mo$62.00$62.00$62.00
Total monthly$3,281.29$6,160.88$7,624.65
Cash to close$548,361$102,490$102,490