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$516,358$516,358$765,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$248,642$0
Funding fee$2,582$2,582$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.463%7.640%
1st payment$2,416.52$2,416.52$5,296.71
2nd payment$0.00$1,605.81$0.00
Taxes / mo$708.33$708.33$708.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,341.52$4,947.33$6,374.71
Cash to close$333,642$85,000$85,000