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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$482,891$482,891$629,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$147,019$0
Funding fee$2,414$2,414$0
Note rate2.300%2.300%7.400%
Blended rate2.300%3.630%7.640%
1st payment$2,139.21$2,139.21$4,361.37
2nd payment$0.00$980.12$0.00
Taxes / mo$585.00$585.00$585.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$97.17$97.17$97.17
Total monthly$2,988.04$3,968.17$5,336.19
Cash to close$217,009$69,990$69,990