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$416,612$416,612$796,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$379,888$0
Funding fee$2,083$2,083$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.213%7.640%
1st payment$1,967.47$1,967.47$5,514.81
2nd payment$0.00$2,453.44$0.00
Taxes / mo$671.75$671.75$671.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$159.30
HOA / mo$520.00$520.00$520.00
Total monthly$3,375.89$5,829.33$7,082.52
Cash to close$468,388$88,500$88,500