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$377,435$377,435$576,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$198,565$0
Funding fee$1,887$1,887$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.573%7.640%
1st payment$1,769.74$1,769.74$3,988.11
2nd payment$0.00$1,323.76$0.00
Taxes / mo$446.08$446.08$446.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.20
HOA / mo$79.00$79.00$79.00
Total monthly$2,461.49$3,785.26$4,795.06
Cash to close$262,565$64,000$64,000