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$288,744$288,744$675,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$386,256$0
Funding fee$1,444$1,444$0
Note rate2.730%2.730%7.400%
Blended rate2.730%5.603%7.640%
1st payment$1,335.28$1,335.28$4,673.56
2nd payment$0.00$2,494.57$0.00
Taxes / mo$335.08$335.08$335.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$0.33$0.33$0.33
Total monthly$1,887.36$4,381.93$5,360.64
Cash to close$461,256$75,000$75,000