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$475,969$475,969$675,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$199,031$0
Funding fee$2,380$2,380$0
Note rate3.050%3.050%7.400%
Blended rate3.050%4.510%7.640%
1st payment$2,289.97$2,289.97$4,673.56
2nd payment$0.00$1,326.87$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,131.63$4,458.51$5,650.23
Cash to close$274,031$75,000$75,000