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$409,521$409,521$674,991
Remaining term (yrs)24.824.830.0
Secondary amount$0$265,470$0
Funding fee$2,048$2,048$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.880%7.640%
1st payment$1,950.62$1,950.62$4,673.50
2nd payment$0.00$1,714.49$0.00
Taxes / mo$392.75$392.75$392.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$61.00$61.00$61.00
Total monthly$2,621.04$4,335.53$5,478.92
Cash to close$340,469$74,999$74,999