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$466,395$466,395$1,169,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$702,705$0
Funding fee$2,332$2,332$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.807%7.640%
1st payment$2,172.83$2,172.83$8,094.61
2nd payment$0.00$4,538.30$0.00
Taxes / mo$598.00$598.00$598.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$233.82
HOA / mo$10.42$10.42$10.42
Total monthly$2,997.91$7,536.22$9,153.52
Cash to close$832,605$129,900$129,900