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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$414,492$414,492$809,910
Remaining term (yrs)20.020.030.0
Secondary amount$0$395,418$0
Funding fee$2,072$2,072$0
Note rate3.010%3.010%7.400%
Blended rate3.010%5.324%7.640%
1st payment$2,286.97$2,286.97$5,607.65
2nd payment$0.00$2,553.74$0.00
Taxes / mo$204.25$204.25$204.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.98
HOA / mo$35.33$35.33$35.33
Total monthly$2,743.22$5,296.96$6,225.88
Cash to close$485,408$89,990$89,990