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$436,867$436,867$656,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$220,043$0
Funding fee$2,184$2,184$0
Note rate2.970%2.970%7.400%
Blended rate2.970%4.571%7.640%
1st payment$2,078.94$2,078.94$4,548.31
2nd payment$0.00$1,421.11$0.00
Taxes / mo$285.67$285.67$285.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,581.27$4,002.38$5,182.03
Cash to close$293,033$72,990$72,990