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$429,003$429,003$989,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$560,097$0
Funding fee$2,145$2,145$0
Note rate2.990%2.990%7.400%
Blended rate2.990%5.685%7.640%
1st payment$2,084.27$2,084.27$6,848.33
2nd payment$0.00$3,617.30$0.00
Taxes / mo$737.00$737.00$737.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$197.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,037.94$6,655.23$7,999.82
Cash to close$669,997$109,900$109,900