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$533,280$533,280$809,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$275,820$0
Funding fee$2,666$2,666$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.527%7.640%
1st payment$2,484.55$2,484.55$5,602.04
2nd payment$0.00$1,781.34$0.00
Taxes / mo$1,329.00$1,329.00$1,329.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$178.33$178.33$178.33
Total monthly$4,208.54$5,989.88$7,487.86
Cash to close$365,720$89,900$89,900