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$410,451$410,451$657,900
Remaining term (yrs)19.619.630.0
Secondary amount$0$247,449$0
Funding fee$2,052$2,052$0
Note rate3.690%3.690%7.400%
Blended rate3.690%5.217%7.640%
1st payment$2,441.45$2,441.45$4,555.17
2nd payment$0.00$1,598.11$0.00
Taxes / mo$609.17$609.17$609.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.58
HOA / mo$562.00$562.00$562.00
Total monthly$3,829.29$5,427.40$6,074.58
Cash to close$320,549$73,100$73,100