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$409,218$409,218$656,991
Remaining term (yrs)24.824.830.0
Secondary amount$0$247,773$0
Funding fee$2,046$2,046$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.779%7.640%
1st payment$1,940.67$1,940.67$4,548.87
2nd payment$0.00$1,600.20$0.00
Taxes / mo$392.75$392.75$392.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.40
HOA / mo$61.00$61.00$61.00
Total monthly$2,611.08$4,211.29$5,350.69
Cash to close$320,772$72,999$72,999