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$462,316$462,316$796,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$334,184$0
Funding fee$2,312$2,312$0
Note rate2.910%2.910%7.400%
Blended rate2.910%4.941%7.640%
1st payment$2,227.07$2,227.07$5,514.81
2nd payment$0.00$2,158.27$0.00
Taxes / mo$737.50$737.50$737.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$159.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,181.24$5,339.51$6,628.27
Cash to close$422,684$88,500$88,500