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$283,893$283,893$990,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$706,107$0
Funding fee$1,419$1,419$0
Note rate2.890%2.890%7.400%
Blended rate2.890%6.356%7.640%
1st payment$1,361.40$1,361.40$6,854.56
2nd payment$0.00$4,560.27$0.00
Taxes / mo$624.58$624.58$624.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$198.00
HOA / mo$79.17$79.17$79.17
Total monthly$2,281.82$6,842.10$7,972.98
Cash to close$816,107$110,000$110,000