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$403,934$403,934$899,550
Remaining term (yrs)23.023.030.0
Secondary amount$0$495,616$0
Funding fee$2,020$2,020$0
Note rate3.500%3.500%7.400%
Blended rate3.500%5.842%7.640%
1st payment$2,127.80$2,127.80$6,228.30
2nd payment$0.00$3,200.86$0.00
Taxes / mo$322.08$322.08$322.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.91
HOA / mo$0.00$0.00$0.00
Total monthly$2,666.55$5,867.40$6,946.96
Cash to close$595,566$99,950$99,950