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$533,377$533,377$764,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$230,723$0
Funding fee$2,667$2,667$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.344%7.640%
1st payment$2,487.75$2,487.75$5,290.47
2nd payment$0.00$1,490.09$0.00
Taxes / mo$237.25$237.25$237.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$152.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,941.67$4,431.75$5,897.21
Cash to close$315,623$84,900$84,900