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$439,765$439,765$697,499
Remaining term (yrs)25.525.530.0
Secondary amount$0$257,734$0
Funding fee$2,199$2,199$0
Note rate3.690%3.690%7.400%
Blended rate3.690%5.190%7.640%
1st payment$2,215.48$2,215.48$4,829.34
2nd payment$0.00$1,664.53$0.00
Taxes / mo$711.42$711.42$711.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$205.00$205.00$205.00
Total monthly$3,348.56$5,013.09$6,101.93
Cash to close$335,234$77,500$77,500