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$496,429$496,429$945,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$448,571$0
Funding fee$2,482$2,482$0
Note rate2.660%2.660%7.400%
Blended rate2.660%5.076%7.640%
1st payment$2,299.89$2,299.89$6,542.99
2nd payment$0.00$2,897.02$0.00
Taxes / mo$875.00$875.00$875.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$189.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,391.56$6,288.58$7,823.66
Cash to close$553,571$105,000$105,000