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$380,199$380,199$773,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$393,711$0
Funding fee$1,901$1,901$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.367%7.640%
1st payment$1,825.19$1,825.19$5,358.40
2nd payment$0.00$2,542.72$0.00
Taxes / mo$554.50$554.50$554.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$154.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,596.35$5,139.07$6,284.35
Cash to close$479,701$85,990$85,990