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$431,439$431,439$900,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$468,561$0
Funding fee$2,157$2,157$0
Note rate2.930%2.930%7.400%
Blended rate2.930%5.439%7.640%
1st payment$2,077.83$2,077.83$6,231.42
2nd payment$0.00$3,026.12$0.00
Taxes / mo$545.17$545.17$545.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$180.00
HOA / mo$15.83$15.83$15.83
Total monthly$2,855.49$5,881.61$7,189.08
Cash to close$568,561$100,000$100,000