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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$439,240$439,240$629,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$190,670$0
Funding fee$2,196$2,196$0
Note rate2.740%2.740%7.320%
Blended rate2.740%4.332%7.560%
1st payment$2,052.81$2,052.81$4,327.04
2nd payment$0.00$1,271.13$0.00
Taxes / mo$313.08$313.08$313.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.98
HOA / mo$28.33$28.33$28.33
Total monthly$2,560.89$3,832.02$4,961.11
Cash to close$260,660$69,990$69,990