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$260,588$260,588$719,820
Remaining term (yrs)25.025.030.0
Secondary amount$0$459,232$0
Funding fee$1,303$1,303$0
Note rate2.680%2.680%7.400%
Blended rate2.680%5.915%7.640%
1st payment$1,187.26$1,187.26$4,983.89
2nd payment$0.00$2,965.87$0.00
Taxes / mo$430.75$430.75$430.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$143.96
HOA / mo$45.83$45.83$45.83
Total monthly$1,880.50$4,846.38$5,821.10
Cash to close$539,212$79,980$79,980